topic State tax exclusions from municipal and us territory obligations Where do I enter on Virginia state tax? in State tax filing

State tax exclusions from municipal and us territory obligations Where do I enter on Virginia state tax?

popd — Tue, 04 Jun 2019 19:14:25 GMT

Edward Jones sent additional tax information Potential State Tax exclusions. How do I enter these on Virginia State Tax form?

You will indicate the portion of Dividends that are exclu...

Rachel_W — Tue, 04 Jun 2019 19:14:25 GMT

You will indicate the portion of Dividends that are excludable on your Virginia Tax Return within the 1099-DIV section.

Follow these steps :

Open your Tax Return
Click on the Federal Tab at the Top
Click "Continue"
Click "I'll Choose What I Work On"
Scroll down to the Investment Income section and click Start/Update next to Dividends on 1099DIV
Click "Edit" next to your Edwards Jones 1099DIV
Click "Continue"
"X" the box that says "A Portion of these Dividends is US Government Interest"
Click continue and it should take you to a box where you enter the US Government Interest (Click on Screenshot Below)

If this answer doesn't resolve your issue, please comment below so I can assist you further.

Re: You will indicate the portion of Dividends that are exclu...

darla1 — Mon, 21 Sep 2020 03:05:10 GMT

Thank you, Rachel. This was very helpful.

Re: You will indicate the portion of Dividends that are exclu...

SteamTrain — Sat, 22 Apr 2023 17:20:03 GMT

@darla1

(Later NOTE: Starting with 2022 Federal taxes, tax-exempt dividends were moved to box 12 of a 1099-DIV.

This post refers to 2021 1099-DIV forms)

(IF you live in CA, MN or IL, there are severe restrictions on whether you can break out your own state $$ and any US Territory Bond interest from box 11 of a 1099-DIV form

............and note that Rachel's answer above is actually used for breaking out US Treasury bond interest that is included in box 1a of a 1099-DIV form, and not for State and US Territory bond interest in box 11 of the -DIV form)

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So....For states that have an income tax

The actual allocation of box 11 $$ on a 1099-DIV to your own state, or any US territories, is handled on one of the pages following the main 1099-DIV form...see the examples below for an NC resident:

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