State tax filing

@jay-gardner-jr 

 

Go back and edit any 1099-INT with box 8 $$ in it, and any 1099-DIV with any box 12 $$ in it.

 

On a page or two AFTER the main form for each one, there will be a page that asks you to identify...which state's bonds the $$ came from......and if you indicated MI for all of it, then that's you made an error.

 

1)  For the 1099-INT, with box 8 $$ in it, you would only indicate it was all MI,...only if you hold ALL MI bonds, and none form other states.

2) for a 1099-DIV with $$ in box 12,  again you would only indicate it was all MI,...only if your bond funds only held MI-related Muni bonds...and that's unlikely

___________________________________

3)  When editing those follow-up questions, if the amounts are relatively small, it may not be worth the effort to break out the MI-related bond $$, and can be simpler to mark it all as "Multiple States", by selecting the first bullet point, then going to the end of the long list of states, and selecting the final "Multiple States".  Then it all becomes MI-taxable.

 

4)  If instead, you want to break-out the MI-$$ form the rest, then you select the second bullet point, then indicate what $$ amount belonged to MI (and any US Territories), and all the rest of the $$ are assigned as a lump amount as "Multiple States"  (see below example for an NC resident):

_____________________________

1099-DIV_TaxExempt_State_Online_1.png

 

_____________________________

 

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.*

View solution in original post