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bl48mcadams
New Member

What is the tax code that I should use for Form 1099 DIV GA or XX as JP Morgan doesn't know?

 
1 Reply
SteamTrain
Level 15

What is the tax code that I should use for Form 1099 DIV GA or XX as JP Morgan doesn't know?

Generally, that should be an XX  (which means "More than one state")

....the tax-exempt dividends in a Bond Fund come form a mixture of many states (unless you own a state specific Bond fund ).  

IF you ever find a state breakdown, you can single out the specific amount from GA-issued bonds (and any US Territories)...but you have to calculate that amount yourself.....but "More than one state " is always acceptable.

____________________

IF you ever do  a GA breakout, the breakout in the interview will look like the one below (example for an NC resident)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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