1099 Div Box 12 Tax exempt Interst registers as taxable. Refunds drops when added. 2025 Tax year

user17699612692 · ‎February 1, 2026

SteamTrain · ‎February 1, 2026

That might depend on your situation.

For instance, some credit may have been eliminated.

...BUT, for retired folks, the tax-exempt $$ DO figure into what % of your SS is getting taxed (that's very common)

IF you are retired and on SS

Take out the box 12 $$ on that 1099-DIV, and look at line 6b of your form 1040...then put box 12 back in and check line 6b again.

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

SteamTrain · ‎February 1, 2026

That might depend on your situation.

For instance, some credit may have been eliminated.

...BUT, for retired folks, the tax-exempt $$ DO figure into what % of your SS is getting taxed (that's very common)

IF you are retired and on SS

Take out the box 12 $$ on that 1099-DIV, and look at line 6b of your form 1040...then put box 12 back in and check line 6b again.

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

user17699612692 · ‎February 1, 2026

Yep!

That's exactly what is happening.

This is the first year I'm getting full SS income.

Time to rethink that tax free bond fund income source.

Thank you so much!

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