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?
You'll need to sign in or create an account to connect with an expert.
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 $$ divvy-up on a 1099-INT form...the second button setting always takes precedence no matter how the first button is set.
___________________
Been trying to get a Moderator to deal with this unusual behavior/BUG...no luck so far.
The workaround fix is as follows (95% sure):
1) Edit the 1099-DIV.
2) when you get to the page where you can break out the $$ 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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
a_immaneni
New Member
NN24
Level 2
dennis8303
Level 1
KBCPA1
Level 3
mdolce
Level 1