topic How do I adjust my 1099 DIV income to reflect a portion of a mutual fund that is exempt in California? Target date fund had CA tax-exempt holdings that need to be exclud in State tax filing

How do I adjust my 1099 DIV income to reflect a portion of a mutual fund that is exempt in California? Target date fund had CA tax-exempt holdings that need to be exclud

rischel — Wed, 11 Feb 2026 03:52:20 GMT

Re: How do I adjust my 1099 DIV income to reflect a portion of a mutual fund that is exempt in California? Target date fund had CA tax-exempt holdings that need to be exclud

VolvoGirl — Sat, 10 Feb 2024 20:22:20 GMT

What box is it in? And what company? Is it Vanguard? I have Vanguard and know them.

Re: How do I adjust my 1099 DIV income to reflect a portion of a mutual fund that is exempt in California? Target date fund had CA tax-exempt holdings that need to be exclud

SteamTrain — Sat, 10 Feb 2024 22:00:44 GMT

And...what was the exact name of the fund the $$ came from.

Some Bond funds did not hold enough CA-specific bonds to allow the exemption. CA restricts the ability to exempt the $$ to those bond fund that hold mostly CA-Specific bonds.

Re: How do I adjust my 1099 DIV income to reflect a portion of a mutual fund that is exempt in California? Target date fund had CA tax-exempt holdings that need to be exclud

Hal_Al — Sun, 11 Feb 2024 00:26:33 GMT

California, and Minnesota require that the bond fund hold at least 50% of their holdings be in their own state's bonds, before you can break out that state's $$ for possible lower state taxation. Illinois, essentially, doesn't allow it at all.