Hello,
This is the first time I am submitting Form 1041 for my niece's college education fund. I have two entries on a Form 1099-DIV for this trust that I don't know how/where to input them on Form 1041 or one of its subforms. The two entries I am referring to are Box 12, Exempt-interest dividends, and Box 13, Specified private activity bond interest dividends. I live in Colorado, and all the exempt-interest dividends earned are from a Colorado municipal bond fund. Therefore all the income in Box 12 and 13 is exempt from federal, state, and local taxes. I just can't find where I report this on Form 1041. Thanks in advance.
