Louisiana IT-540 Schedule E, 01E - Interest and Dividends on US Obligations

[ce11]

In the Louisiana tax return, adjustment section, it asks if you have "any other income exclusions."  Code 1E is "interest and dividends on US gov't obligations."  I have a 1099-DIV form from Vanguard.  I have 2 vanguard stock funds and 2 vanguard bond funds (total stock market index, total international stock index, intermediate term tax exempt bond, and total international bond index fund).  From trying to figure this out online, I think that the only funds that would possibly apply are the two bond funds, not the two stock funds.  I also think the formula is to multiply box 1a (total ordinary dividends) by the "US Government obligations information" vanguard sheet on its website.  Total international bond is not listed on the Vanguard sheet referenced above and there are no ordinary dividends for Intermediate term tax exempt bond, only exempt interest dividends.  Thus, I have not entered anything for this box.  My question:  Am I doing this correctly and if no, can you please provide the formula so that I don't miss out on this exclusion?  Thank you!

[ThomasM125]

The interest on US obligations would not be taxable in Louisiana, and it looks like the intermediate term tax exempt bond fund that you mention is the only thing here that would include tax exempt income.

The other funds are either stock funds or international funds, neither of which would represent tax-exempt income from US obligations.

It is unclear what is meant by tax-exempt funds, as they could be US government obligations or state and municipal bonds. You can probably research online to find out if the fund holds US government obligations if you bring up your investment and read what the fund is investing it. 

[ce111]

Thank you!!!