Business & farm

American Funds provides a worksheet called State Tax Exclusions for U.S. Government Income. You enter your numbers from box 1a of your 1099-DIV and it multiplies those by US government exclusion factors to give you "your total state tax exclusion" amount.  I included an image of this form elsewhere in this string.

 

For 2024 my exclusion was $3459.  I have shown this exclusion amount on Indiana Schedule 2 line 4. Is that correct?

@LenaH