Do I have to add cents from each state when there are only a few cents each? Example - Alaska - .05 Arizona .10, California .15, etc.

[cindyholdt]

This is in regards to tax-exempt interest dividends.   Seems like a very painful waste of time.

[SteamTrain]

Heavens no....especially if it's for box 11 on a 1099-DIV.

For box 11 on a 1099-DIV, if the total in box 11 is small,,,,like less than a few 100$, you just select "Multiple States" for the full total amount and move on.

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Beyond that, it depends on what state you live in, since IL, CA, and MN have severe restrictions on whether you can break down the amounts at all.  If you live in some other state with an income tax ...you can (if you want) separate the $$ from your own state's bonds (and any US Territories) from all the others as shown below....(but similarly, if your own state's $$ amount is less than $20, it's not worth the effort :(

Example is for an NC resident

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[ErnieS0]

No. Do you enter numbers for each state that are under 50 cents. Do not enter $0 as that may confuse TurboTax as esteemed Tax Champ @StreamTrain said.

However, if the total of those numbers comes to 50 cents or more, enter the total amount as Multiple states so your total will match the exempt interest total on your 1099-DIV.

The IRS says to round off numbers, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.

[Mike9241]

the IRS and every state i know of allows you to round amounts to whole dollars 50 cents or more up 49 cents or less down.    it's one thing to import but even then it's a waste of time to import or enter amounts that can be rounded to 0