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bap58
New Member

I entered my exempt interest dividends by state. Turbo tax says the allocated total doesn’t tie. This is not correct. How do I move forward?

Turbo tax software is not working properly in this section. How do I fix it?
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2 Replies
JotikaT2
Employee Tax Expert

I entered my exempt interest dividends by state. Turbo tax says the allocated total doesn’t tie. This is not correct. How do I move forward?

It depends.

 

Did you make the input in the federal interview section of the program or only in the state interview sections?

 

Be sure to enter the overall amounts in the 1099-INT or 1099-DIV section depending upon what form your tax exempt income is reported on.  

 

You will have a screen that allows you to break it out by state.  Make sure the amounts entered on this screen match the prior screen.

 

When you get to your state return(s), you may have to enter your state specific information here as well.  

 

As you go through the state questions, there may be a screen saying here are some items this state treats differently.  

 

You may also be able to see a summary screen.  If you select Income (as shown in the sample screen below), you will be taken to screens where you can enter your tax exempt interest adjustment for your state.

 

Tax exempt interest for state

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I entered my exempt interest dividends by state. Turbo tax says the allocated total doesn’t tie. This is not correct. How do I move forward?

I don't understand why you would want to enter dividend fractions for 50 states.

The only amount you can deduct is the fraction coming from your own state.

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