Quick follow-up question to this thread. I have proceeded as follows:
- On my 1099-DIV, I specified that my exempt-interest dividend originated from multiple states.
- I retrieved the documentation from the broker which provides the state-by-state apportionment (in %age terms).
- I calculated the portion (in dollars) attributable to my state of residence (Colorado).
Now what? On my state return, TurboTax did not prompt me to specify the portion attributable to my state of residence. Instead, it just added back the entirety of the exempt-interest dividend to my federal income (i.e., it is not exempting the Colorado portion from state taxation). Am I missing something?
