Get your taxes done using TurboTax

You don't have to do it if you select "More than one state" in the top box and Do Not check the checkbox.

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BUT

IF box 8 was for more than one state ..... and IF (**IF**) you want to break out your state's bonds from all the rest....  First, you must have the state % listing from your Broker/Financial provider for that 1099-INT form. And you need to calculate the exact $ amount yourself

See the picture below:

..Your State Breakout.

(Example for North Carolina, insert your state in place of "NC")

1) For the main 1099-INT, you put in all the other boxes that show in the 1099-INT that you were sent.

2) Then step thru the Next pages to get to one labeled "Tell Us More About Your Exempt Dividends" (or interest).

3)  Either select "More than one state" in the upper box if the $ came from a variety of states (that's easiest). or IF you are sure the $$ came from ONLY bonds issued by your own state (unusual), you can select your state.....but not otherwise.

OR....IF you have a bond fund which has a mixture of bonds, and the sheet that shows the state breakdown....then you can"...(but do not have to....i.e. just use step 3 and move on))

4) Check the box and start breaking out the total $$ from box 8 that were from your resident state.

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If significant, you can also break out the Tax-Exempt $$ from US territories too. (Guam, Puerto Rico.... etc)

....but all the other states and DC remain together as "More Than One State"

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IF your mutual fund breaks out the separate private activity bond $$, then you actually have to create a separate 1099-INT  form for just those $$.

____________*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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