topic Re: which state shall I pick? in Get your taxes done using TurboTax

which state shall I pick?

danilol — Mon, 10 Feb 2025 03:34:21 GMT

Hello,

I have a 1099-DIV which has " exempt interest dividends $37.34 for BOX 12 and IL for BOX 14.

The last page of this 1099-DIV states that this tax exempt dividends from non classified securities, Western AST intermediate term muni found A"

When I fill info for this $37.34 on turbotax premier online version, It ask me from which state that I earned this tax exempt dividends, see the attachment:

How shall I CHOOSE the answer?

Thanks.

Re: which state shall I pick?

DavidD66 — Mon, 10 Feb 2025 04:21:05 GMT

You should select "Illinois" as the state.

Re: which state shall I pick?

danilol — Wed, 12 Feb 2025 14:37:00 GMT

Thanks

Re: which state shall I pick?

SteamTrain — Wed, 12 Feb 2025 15:36:06 GMT

@danilol @DavidD66

NO....You do NOT select IL....you go to the end of the list of states in the top selection box and select

"Multiple States"

IL does not allow break-outs of IL MUNI interest from any mixed Bond Funds. i.e. $$ shown in box 12 of a 1099-DIV.....they only allow it for individual IL bonds you actually own, and $$ issued in box 8 of a 1099-INT.

_____________________________

Even if IL did allow it to be broken down, that Fund invests in multiple state's bonds, so only part of that $37 would be IL interest (~14.65% of it).

Box 14, 15, 16 only relates to any state income taxes you might have had withheld for Any of the $$, in Any of the boxes, on the 1099-DIV.

Re: which state shall I pick?

danilol — Mon, 03 Mar 2025 13:53:46 GMT

Thanks, I corrected it.