topic Taxable Municipal Interest in State tax filing

Taxable Municipal Interest

MMOE — Sun, 23 Feb 2025 18:50:30 GMT

I live in Arizona, and while filling in my state return, TurboTax says I entered $1,314 of non-Arizona municipal interest on my federal return.

TurboTax wants to know any Arizona municipal interest income that was taxable on my federal return. It also says I can leave it blank if it doesn't apply. However, if I leave it blank, the next screen asks for a schedule of my non-Arizona municipal interest, with payor names and amounts.

I looked on my 1099-INT forms for my two brokerage accounts. One clearly shows on a supplemental form a breakdown of in and out of state municipal interest, totaling only $73, and I already entered this on my federal return. The other 1099-INT doesn't show municipal interest anywhere that I can see. I have no idea where this $1,314 number came from. How do I find the right information?

Re: Taxable Municipal Interest

SteamTrain — Sun, 23 Feb 2025 21:05:30 GMT

@MMOE

Check your 1099-DIV forms too, for $$ in box 12

Supposedly there might be some in forms Schedule K-1, but I've never had any of those, so don't know what box they might be in,,,,if that is true.

Re: Taxable Municipal Interest

MMOE — Mon, 24 Feb 2025 01:44:45 GMT

Thank you! I had to add up dividends from several pay dates, but the numbers matched up in the end. I appreciate the help!