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Level 2
March 18, 2020
Question

Ala Interest Income

  • March 18, 2020
  • 6 replies
  • 36 views

difference in interest -- how to change state amount

 

6 replies

AmyC
Level 15
March 18, 2020

What is causing the difference in interest? What are you trying to adjust? 

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Level 2
March 19, 2020

 Problem 1. Some of federally exempt interest is taxable to Alabama. How do I change just the Alabama entry?

Problem 2. Some of federally taxable dividends are not taxable to Alabama. Same question, how do I access Alabama data to make the change?

Bob Akin

Level 15
March 22, 2020

For the federally exempt interest, you will see the following screens in the federal section of TurboTax when you enter the form 1099-INT information, that will allow you to indicate that the interest is taxable to Alabama:

 

 

So, you indicate in the federal section of TurboTax that the interest is not taxable on the state return.

 

I'm not sure how to answer the question regarding the dividends, what federally taxable dividends would not be taxable in Alabama please?

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