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New Member
posted Feb 23, 2025 10:50:30 AM

Taxable Municipal Interest

I live in Arizona, and while filling in my state return, TurboTax says I entered $1,314 of non-Arizona municipal interest on my federal return.

TurboTax wants to know any Arizona municipal interest income that was taxable on my federal return.  It also says I can leave it blank if it doesn't apply.  However, if I leave it blank, the next screen asks for a schedule of my non-Arizona municipal interest, with payor names and amounts.

I looked on my 1099-INT forms for my two brokerage accounts.  One clearly shows on a supplemental form a breakdown of in and out of state municipal interest, totaling only $73, and I already entered this on my federal return.  The other 1099-INT doesn't show municipal interest anywhere that I can see.  I have no idea where this $1,314 number came from.  How do I find the right information?

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2 Replies
Level 15
Feb 23, 2025 1:05:30 PM

@MMOE 

 

Check your 1099-DIV forms too,  for $$ in box 12

 

Supposedly there might be some in forms Schedule K-1, but I've never had any of those, so don't know what box they might be in,,,,if that is true.

New Member
Feb 23, 2025 5:44:45 PM

Thank you!  I had to add up dividends from several pay dates, but the numbers matched up in the end.  I appreciate the help!