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Mississippi - Enter the missing information for 1099-INT or 1099-DIV

In the Mississippi return, when you have a 1099-INT or 1099-DIV, it asks you to "Enter the missing information for XXX Bank."  There are 4 blanks that are fillable: Mississippi State Income, Mississippi Withholding, Other State Name, and Other State Income."

 

Let's use two examples. 1) You have $20 in interest from a bank and 2) you have $10,000 in dividends from a brokerage account. If I play with the online version and leave everything blank, I get X for tax return. If I add the $20 and $10,000 in "Mississippi State Income", I continue to get the same X for tax return back for MS.

 

So my questions:

1) Am I supposed to be noting this money as Mississippi income?

2) Notwithstanding #1, why does it make no difference as to my tax return amount?

 

Thanks for any help that can be provided!

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1 Best answer

Accepted Solutions
MaryK4
Expert Alumni

Mississippi - Enter the missing information for 1099-INT or 1099-DIV

Mississippi uses the federal amount, but if you need to split the interest or dividend income between two states, an entry here (of a partial amount) will use that amount for Mississippi state income tax.

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2 Replies
MaryK4
Expert Alumni

Mississippi - Enter the missing information for 1099-INT or 1099-DIV

Mississippi uses the federal amount, but if you need to split the interest or dividend income between two states, an entry here (of a partial amount) will use that amount for Mississippi state income tax.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Mississippi - Enter the missing information for 1099-INT or 1099-DIV

Thank you!

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