The state-by-state tax exempt interest dividend percentages for a municipal bond fund I own add up to slightly more than 100% - how should I handle this on my taxes?

[RosaWoods55]

My 1099-DIV form lists exempt-interest dividends. TurboTax requires a state-by-state accounting of those dividends. I have that information from the fund, but the percentages add up to 100.86%, when it should be 100%. It is likely due to rounding errors I am guessing, but I don't know how I should handle it on my taxes.

[SteamTrain]

NO..no...nah...do not use a state-by-state accounting.  You're overdoing it.

1) You only break out your own State's $$, and any US Territories (like Puerto Rico)

2) Then assign all of the rest to a single entry as "Multiple States"  (last selection on the pull-down list of states).

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Exceptions: resident of Utah, CA, MN have special procedures as to what is allowed.

Annnnd for IL residents, you aren't allowed to break out IL from all the rest for Mutual funds....only if you owned specific bonds yourself.,...but those would be on a 1099-INT.

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NC example:

[RosaWoods55]

Thank you so much! This helps a ton - really appreciate it. 

[gitnthin]

Helped me, too.  I missed that multiple-state checkbox.  Thank you.