Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 15, 2021 9:37:16 AM

I earned a small amount of exempt-interest dividends, some from nearly every state. Must I enter the state and the amount for every state or is that an option?

I earned a small amount of exempt-interest from nearly every state.  Must I enter the specific amount for each such state?

0 3 634
1 Best answer
Expert Alumni
Mar 15, 2021 10:02:03 AM

No.  You do not have to enter each state and the corresponding amount. After entering your 1099-INT, mark the button for "I earned tax-exempt interest in only one state."  From the drop down menu for state selection, scroll to the bottom and select "Multiple States".

3 Replies
Expert Alumni
Mar 15, 2021 10:02:03 AM

No.  You do not have to enter each state and the corresponding amount. After entering your 1099-INT, mark the button for "I earned tax-exempt interest in only one state."  From the drop down menu for state selection, scroll to the bottom and select "Multiple States".

Level 1
Mar 18, 2021 12:49:32 PM

I wasn't able to return to the point where I could test your answer.  TT had closed the questions and I couldn't find any way to reopen them, so I asked how that could be accomplished and am as yet (some four days) waiting for an answer.

Expert Alumni
Mar 18, 2021 2:49:13 PM

Tax-exempt interest is interest income that is not subject to federal income tax.. The most common sources of tax-exempt interest come from municipal bonds or income-producing assets inside of Roth retirement accounts.

To revisit the interest section:

  • Login to your account.
  • Select Federal from the left menu
  • Go to Wages and Income then Income and Expenses.
  • Scroll down to Interest and Dividends.
  • Select edit next to Interest on 1099-INT.
  • Select edit next to the interest that you need to adjust