So... I'm still confused on what to enter. Under the heading South Carolina Obligations, the % of income is 0.088378%. And the exclusion amount is that percentage times income. But when it totals those figures, it then breaks it down to the three totals - Total State Income from Municipal and US Territory Obligations held indirectly which is the totals of the exclusion amount (% times income). Total income from municipal bond obligations issued in your state and owned by you directly. And Total Potential State Tax Exclusion from Municipal and US Territory Obligations which is a total of the first two totals.
It seems to me that I would enter the totals of the exclusion amounts into the breakdown of which state the exempt-interest dividends came from, but on the other hand, it sounds like the Total Potential State Tax Exclusion from Municipal and US Territory Obligations might be the correct number.
