Edward Jones sent additional tax information Potential State Tax exclusions. How do I enter these on Virginia State Tax form?
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You will indicate the portion of Dividends that are excludable on your Virginia Tax Return within the 1099-DIV section.
Follow these steps :
If this answer doesn't resolve your issue, please comment below so I can assist you further.
Thank you, Rachel. This was very helpful.
(Later NOTE: Starting with 2022 Federal taxes, tax-exempt dividends were moved to box 12 of a 1099-DIV.
This post refers to 2021 1099-DIV forms)
(IF you live in CA, MN or IL, there are severe restrictions on whether you can break out your own state $$ and any US Territory Bond interest from box 11 of a 1099-DIV form
............and note that Rachel's answer above is actually used for breaking out US Treasury bond interest that is included in box 1a of a 1099-DIV form, and not for State and US Territory bond interest in box 11 of the -DIV form)
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So....For states that have an income tax
The actual allocation of box 11 $$ on a 1099-DIV to your own state, or any US territories, is handled on one of the pages following the main 1099-DIV form...see the examples below for an NC resident:
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