@lmarkin55
AND...
1) For an IL resident, you aren't allowed to do a breakout at all for a Mutual fund's collection various state's Muni bonds.....and the entire amount from a Mutual Bond fund must be designated as "Multiple States"
2) For a UT resident, you can include states that don't tax UT bonds (essentially all states that don't have an income tax). Some fund companies create a special PDF listing for UT residents, listing a single total % for UT, that includes the other appropriate state amounts.
3) For CA and MN residents...those state impose a minimum state bond holding level, before a breakout is allowed...essentially, you must hold a CA- or CA-specific Mutual Bond fund in order to break down either the CA or MN-specific $$...otherwise all the $$ from the Mutual Bond fund must be designated as "Multiple States".
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
