Hello community. I am looking at my 1099-DIV from my investment company, Fidelity, and am confused about the amount of exempt interest dividends by state that I need to report in TT (Worksheet 1099-DIV, Box 12 for State Allocations). I am in California. For example, my 1099-DIV shows a total of $1000 in total exempt interest dividends. As I look at the detail in the supplemental information, there are several CA Muni Bonds for which the amounts in the Exempt Interest Dividend (Box 12) column add up to a total $50 and the rest muni bonds (various states) add up to the remaining $950. HOWEVER, further down in the statement, there's a section called "State/Local Tax-exempt Income from Fidelity Funds" and it lists only Fidelity Funds where the total tax-exempt interest is $250 (including $25 of Fidelity Fund CA bond--the other CA Muni bond is NOT a Fidelity Fund). Since the $250 is just a portion of all the muni bonds and the $25 related to CA is only a portion of the total $50 CA tax exempt interest dividends in the investment account, do I ignore this info and just enter $50 for California and $950 from "more than one state" when TT asks me to enter exempt income earned from multiple states in a bond fund? Thank you in advance!
