1342313
You'll need to sign in or create an account to connect with an expert.
No. Make only two entries. Show only the dividends allotted to CA. Then, total the rest as "Multiple States" ("more than one state” in the desktop program)
ooooo...maybe "Multiple States" for all of it....unless it is a CA-specific fund, or heavily weighted to CA bonds.
___________
For a 1099-DIV, CA requires ....For the bond fund that reports the tax-exempt interest on a 1099-DIV , that Fund must contain at least 50% of its assets as CA-only bonds before you can break out the CA-bond amount. Otherwise all of it must be tagged "Multiple states"
(The same limit does not apply box 8 on a 1099-INT since those are individual bonds you own...not a fund).
________________________________
Here's a picture of how it would be broken down...if you can do so (NC example):
______________________________
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
starkyfubbs
Level 4
AshleyA1
New Member
Stevecoh1
Level 2
micah7
New Member
stacey9554
Level 2