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alsubway
New Member

Turbo Tax is not reporting my municipal bond income to my Tennessee state tax return. I do not see a way to add that manually. My TN taxable income to be understated.

My TN tax return understates my income because municipal bond income from other states is not being reported. This was not a problem last year. I cannot add the information manually.

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Turbo Tax is not reporting my municipal bond income to my Tennessee state tax return. I do not see a way to add that manually. My TN taxable income to be understated.

Edit each of your 1099-INT forms with a box 8 entry

and each of your 1099-DIV forms with a box 11 entry.

On the followup page (after the main -INT or -DIV form) that asks about what state issued the Tax-exempt interest..you probably indicated TN for all of it...instead of "More than one state"  (at the end of the drop-down list of states).

IF you did hold some TN bonds  (part of box 8 of a 1099-INT), or your Mutual fund did (part of box 11 of a 1099-DIV) you can break out the amounts for just your TN bonds, and any US Territories.

Example shown below for a NC resident


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