@SteamTrain @ErnieS0 When I look at the Alabama Schedule B form. How would it populate? The form is like this.
Interest section has Exempt Interest column and Taxable Interest column for the rows.
Dividend section has no Exempt Interest column and a Taxable Dividend column for the rows.
From the instructions "dividends derived from interest" is to be put in the "Exempt Interest" column of the interest section. So filling out looks challenging.
So I would have $$ exempt interest for the dividend in the interest section followed by zero taxable interest on the same row. The other part which is dividend, I would put that amount in an empty row in the dividend section under Taxable Dividend column. I guess that would be how it would have to show up. Right? Then, I guess I would follow this pattern for all brokerages.
So the numbers would be split between interest and dividend sections with interest section having zero taxable. Sound right to you even though the form would look odd?
