The interest is tax-exempt - municipal bond - interest which is generally not subject to federal income tax. The interest is, however, taxable in most states with certain exceptions (some states try not to tax certain bonds issued in their state).
Regardless, the relevant information should appear on your 1099 from Edward Jones. If all else fails, you should be able to select "More Than One State" from the dropdown list.
The interest is tax-exempt - municipal bond - interest which is generally not subject to federal income tax. The interest is, however, taxable in most states with certain exceptions (some states try not to tax certain bonds issued in their state).
Regardless, the relevant information should appear on your 1099 from Edward Jones. If all else fails, you should be able to select "More Than One State" from the dropdown list.
where is the drop down? I only see "see help if more than one state"
Go back to the Interest on 1099-INT section. Go all the way through the screens and then scroll down when you see the dropdown box.
After clicking more than one state, it prompted me to put in the states, which wound up doubling the total amount of tax exempt interest.
So I removed the total from box 8, and then it challenged me because box 13 (bond premium on tax exempt bonds) is greater than 0 (or the amount in box 8).
I guess I'll just remove the bond premium amount.
I was wrong.
Easy Step did not help me.
I went "to the form" instead and did the following
There were no longer any errors, and as my friend used to say, "Bob's your uncle".