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@ChallengedinCA 

It's best to go back to the actual 1099-DIV and answer the follow-up questions there in the interview...do NOT try to enter the codes and distribution in the Error check.

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Theya are asking about which states bonds produced the $$ In box 12.

 

For a CA resident, they cannot claim any of it came from CA unless the bond fund that produced those $$ held at least 50% of it's assets in CA Municipal bonds.  Most fund companies have special CA-specific bond funds for CA, and if you don't have one, then it must all be assigned to "Multiple States"

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See below on how to make the correct selection on the follow-up page.

 

1)  First picture is how to set all of box 12 to "Multiple States"...that is if you don't have any CA-specific Bond Funds (or a fund that happens to have more than 50% of assets in CA Muni's)

 

2)  Second picture is how to break out CA if you do happen to own a CA-Specific fund  (ignore the PR entry...that's only for folks living in states where there are not restrictions like CA's)

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#1)

 

1099-DIV_TaxExempt_State_Online_1.png

 

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#2)

1099-DIV_TaxExempt_State_Online_2.png

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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