We believe there is a bug in Turbo Tax software. The state of Maryland allows you to exempt a certain percentage of US general obligations interest from total ordinary dividends AND Total Capital Gains Distribution. But if you your total ordinary dividend amount is smaller than your percentage amount of total exemption from US General Obligations for the particular fund, it flags this and says the total exempt amount can not be higher than the total ordinary dividends amount. This has to be a bug in the turbo tax software because MD allows you to also exempt a percentage of long term capital gains distribution. Can somebody help correct this?
