DianeW777
Expert Alumni

State tax filing

It's not clear if this is a federal or state section error.  Please clarify the location of the error.

 

Tax exempt interest can be derived from several different states and Edward Jones can supply a statement so that you know exactly how much should be exempt from your state. The information usually shows the percentage that is exempt for your state.

 

In other words if not all of the interest is earned from your state or municipalities, then some of that interest is taxable on your state return. The question may be asking this information, either the amount that should be exempt or the amount that should be taxable if the error refers to the state return.

 

Please update with additional questions and clarification if necessary.

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