dhm37
Returning Member

Deductions & credits

Continuing with this example, my overall dividend/interest is $15,000.   Of which $3000 has no associated US Treasury portion to exclude, and lets say $2000 of that belongs to MN and $1000 to WI.   When I allocate total dividend/interest between the 2 states, I just enter a $ amount - I dont see how TT knows whether to pull the exclusion amount from the $8000 vs $4000.