I had tax-exempt interest in VTES from 45 states reported on a supplemental info form in percentages. When I translate to USD the total is 100.35% of the amount. Error

[lmarkin55]

What should I do?

[SteamTrain]

@lmarkin55 

That's usually just a rounding error.

AND...on the TurboTax form, you don't break out all the state $ separately.

You just break out the $$ for your  own state, and any US Territories (like Puerto Rico, Guam, Virgin Islands)....and for the rest, it's just one $ value for "Multiple States"  (the last selection in the drop-down list of states)

[SteamTrain]

@lmarkin55 

AND...

1) For an IL resident, you aren't allowed to do a breakout at all for a Mutual fund's collection various state's Muni bonds.....and the entire amount from a Mutual Bond fund must be designated as "Multiple States"

2) For a UT resident, you can include states that don't tax UT bonds (essentially all states that don't have an income tax).  Some fund companies create a special PDF listing for UT residents, listing a single total % for UT, that includes the other appropriate state amounts.

3) For CA and MN residents...those state impose a minimum state bond holding level, before a breakout is allowed...essentially, you must hold a CA- or CA-specific Mutual Bond fund in order to break down either the CA or MN-specific $$...otherwise all the $$ from the Mutual Bond fund must be designated as "Multiple States".

[lmarkin55]

The online version of TT reports a need for more information if I choose multiple states and do not enter details. I'm in Vermont. No tax-exempt interest came from my state or US territories. I'll try the desktop version

[SteamTrain]

@lmarkin55 

You are likely using the wrong selection...the top selections says "only one" state, but you can select just "Multiple States" from the bottom of that dropdown menu....and move on  successfully.

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