LindaS5247
Expert Alumni

Retirement tax questions

I'm not clear if you are saying you did not have state information or you had multiple states listed so I will try to address both.

 

When Your 1099-INT/DIVs do not have a state listed:

 

Even if these dividends or interest won't be taxed on your federal return, we still have to ask about them because most states will tax dividends or interest that are paid by another state.

 

 Exempt-interest dividends are usually interest payments on state or municipal bonds.

 

You can find the state on more detailed info sent from your financial provider. Contact them if you don't have this paperwork.

 

You can select More than one state and continue if you: 

 - Live in a state with no income tax (AK, FL, NV, SD, WA, WY)

 - Live where exempt-interest dividends from other states aren't taxed (District of Columbia, IN)

 - Have a small amount of exempt-dividends and aren't concerned with extra state tax. Your state will tax these dividends or interest if you don't live in an area listed above.

 

To enter multiple states for your 1099-DIV, please follow these steps:

  1. After the 1099-DIV entry screen you will see a screen, Tell us more about your exempt-interest dividends.
  2. Check the radio button, I earned tax-exempt dividends in more than one state.
  3. Two lines will appear for you to enter the states and their amounts.
  4. If you need more lines, click Add another state.


If you did not have any state taxes withheld directly from the invested company, return to the "Tell us if any of these uncommon situations apply to you" screen and ensure that the "State taxes were withheld..." check box is clear (not checked). Then proceed to the next prompted question. If box 13 is blank on your 1099-DIV, it should mean that no taxes were withheld, and your 1099-DIV should not have any entries in boxes 13-15.


From Form 1099-DIV Instructions:

 

Boxes 14–16. State Information

These boxes, and Copies 1 and 2, are provided for your convenience only and need not be completed for the IRS. If you withheld state income taxes on this payment, use the state information boxes to report payments for up to two states. Keep the information for each state separated by the dashed line in each box. In box 14, enter the abbreviated name of the state. In box 15, enter the payer's state identification number. The state number is the payer's identification number assigned by the individual state. Enter in box 16 the state income tax withheld on this payment.

If a state tax department requires that you send them a paper copy of this form, use Copy 1 to provide information to the state tax department. Give Copy 2 to the recipient for use in filing the recipient's state income tax return.

 


If this does not help please feel free to come back to TurboTax Community with additional details or questions or click here for information on Turbo Tax Support.  You can connect with a Live TurboTax Agent and share your screen.
 

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