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1099 DIV BOX 12 exempt interest dividend for determining state exemption
Hi everyone,
I have been researching about inputing the exempt-interest dividends state distribution on Turbotax desktop. I live in CA. I had $584.22 on 1099-DIV BOX12 and $74.88 on BOX13.
I am confused about inputing the page below,
For example all $584.22 is from one bond, supplement document below:
Shall I do math $584.22 x 5.74% = $33.53 ? Then entering $33.53 into Exempt-interest dividend amount for CA? Entering $550.69 for "Multiple states"?
But I saw on other post that California doesn't allow me to break out the CA dividend unless the bond fund contains at least 50% of it's assets in CA or US Bonds. For my above chart, CA is less than 50%.
So what should I input for that page? Thank you for your answer.
‎February 19, 2025
10:10 AM