When Your 1099-INT/DIVs do not have a state listed..........
Even if these dividends or interest won't be taxed on your federal return, we still have to ask about them because most states will tax dividends or interest that are paid by another state. Exempt-interest dividends are usually interest payments on state or municipal bonds.
You can find the state on more detailed info sent from your financial provider. Contact them if you don't have this paperwork.
You can select More than one state and continue if you:
- Live in a state with no income tax (AK, FL, NV, SD, WA, WY)
- Live where exempt-interest dividends from other states aren't taxed (District of Columbia, IN)
- Have a small amount of exempt-dividends and aren't concerned with extra state tax. Your state will tax these dividends or interest if you don't live in an area listed above.
