Note: You should not attempt to break out IL dividends form box 11 on the 1099-DIV form. IL does not allow you to exempt IL dividend interest from your indirect IL holdings in a Mutual fund.
" However, income from these obligations is not exempt if you own them indirectly through owning shares in a mutual fund. "
Instrucitosn for line 34, page 4 of: <a rel="nofollow" target="_blank" href="
https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual/il-1040-schedule-m-in...>
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You "can" and should break out IL & US Territory interest for any box 8 entries on a 1099-INT form...those are for actual bonds that you may own....if any are IL bonds (or US Territories, Puerto Rico, Guam..etc).
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
