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TT not carrying multi-state tax exempt dividends to Virgina ADJ form

 I have double-checked my data entry into the 1099-Div form, and box 12 has the tax exempt interest correctly allocated between Virginia and Multiple States (XX), but the multi-state dividends are not carrying to the Virginia 760 Adjustment Schedule/Additions/Line 1 "Interest on obligations (other state)."  I know that I can add them manually as an Addition, but I'm pretty sure that TT automatically transferred them from the federal return in the past.  Is this a bug?

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1 Best answer

Accepted Solutions

TT not carrying multi-state tax exempt dividends to Virgina ADJ form

@dennis8303 

 

The workaround  fix is as follows  (95% sure):

 

1)   Edit the 1099-DIV.

2)   when you get to the page where you can break out the $$ for VA, US Territories and the remaining as "Multiple States".

....2a ) Select the first button  for One State and set it to "Multiple States"

...then

...2b)  Select the second button and your prior settings should still be there...if not, redivide up the $$ among VA, any US Territory bonds, and Multiple States.

_____________

For some reason, on a 1099-DIV form, the setting in 2a takes precedence, and must be set as "Multiple states, before the second button divvy-up will take effect.

 

And that isn't a problem for tax-exempt $$ divvy-up on a 1099-INT form...the second button setting always takes precedence no matter how the first button is set.

___________________

Been trying to get a Moderator to deal with this unusual behavior/BUG...no luck so far.

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

View solution in original post

2 Replies

TT not carrying multi-state tax exempt dividends to Virgina ADJ form

@dennis8303 

 

The workaround  fix is as follows  (95% sure):

 

1)   Edit the 1099-DIV.

2)   when you get to the page where you can break out the $$ for VA, US Territories and the remaining as "Multiple States".

....2a ) Select the first button  for One State and set it to "Multiple States"

...then

...2b)  Select the second button and your prior settings should still be there...if not, redivide up the $$ among VA, any US Territory bonds, and Multiple States.

_____________

For some reason, on a 1099-DIV form, the setting in 2a takes precedence, and must be set as "Multiple states, before the second button divvy-up will take effect.

 

And that isn't a problem for tax-exempt $$ divvy-up on a 1099-INT form...the second button setting always takes precedence no matter how the first button is set.

___________________

Been trying to get a Moderator to deal with this unusual behavior/BUG...no luck so far.

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

TT not carrying multi-state tax exempt dividends to Virgina ADJ form

Thanks, SteamTrain.  I switched the positions of the allocated funds in Box 12, multi-state first, Virginia second--and voila, the multi-state bond dividends now carry correctly to the ADJ schedule/Additions/line 1.  

 

Turbo Tax, please fix this bug.

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