Certain dividends, called exempt-interest dividends, contain investments that are not subject to federal income tax. For example, as Alabama says, your mutual fund may include dividends derived from interest on United States obligations and/or Alabama municipal obligations which are received from a regulated investment company.
Exempt-interest dividends are reported in Box 11 of Form 1099-DIV. However, you will need more information from your mutual fund company to allocate amounts to Alabama.
Refer to Tell us more about your exempt-interest dividend for more information.
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