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Business & farm
Hello, I'd like to ask a follow-up question.
I said previously that TurboTax won't let you go on from the "Tell us more about your exempt-interest dividends" page until all of the exclusions for the states you enter add up to the value on your 1099-DIV box 12. I had only 1 state and 3 U.S. possessions called out on the worksheet from American Funds (IN, GU, PR, VI), so to make TurboTax happy I entered a "State" called Multiple States (XX) and entered the balance there.
But according to what I read about how Indiana and most other states treat federally tax-exempt dividends, they don't tax dividends from within the state or the US possessions but they do tax everything else. So, I would expect to see my Multiple States value show up on my Indiana form, but I do not.
Am I reading this wrong somehow?