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The software will not let me enter my California tax exempt dividends- can you please help?

 
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2 Replies
AmyC
Expert Alumni

The software will not let me enter my California tax exempt dividends- can you please help?

Here are the steps:

  1. Return to federal
  2. Income & Expenses
  3. locate Dividends on 1099-DIV
  4. Edit/Add
  5. Select the one with CA exempt dividends and click Review
  6. screen Let's get the info from your 1099-DIV
  7. Check the box My form has info in other boxes (this is uncommon).
  8. Box 11 Exempt-interest dividends would have a number there
  9. Continue
  10. Tell us if any of these uncommon situation apply to you
  11. select None of these apply
  12. Continue
  13. Tell us more about your exempt-interest dividends
  14. Select whichever button is correct for you
  15. Enter all the states and exempt interest
  16. Continue

 

That will flow into the state return for you.

 

 

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The software will not let me enter my California tax exempt dividends- can you please help?

Here's a complication...

 

1)  for CA residents, they can only declare the CA amount from box 11...only if the Fund concerned  has invested at least 50% of its holdings in CA Bonds or US Government obligations./...otherwise you must t select "Multiple States" for all of it  (At the end of the drop-down states list).

 

2) IF the fund does qualify, when you get to the listing page, you only have to break out the CA amount, any US Territories, and the remaining amount is just totaled as "Multiple States"  (You don't have to list all the other states)

_________________________

An example of a breakdown for an NC resident would look like this:

 

1099-DIV_TaxExempt_State_1b_Online.png

 

 

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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