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mcarmin
New Member

Exempt Inerest

My 1099 does not identify state where exempt interest was earned.

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1 Reply
DawnC
Employee Tax Expert

Exempt Inerest

If you don't know the states, leave the special handling box unchecked.   Or you can select Multiple States if you:

 

  • Live in a state with no income tax (AK, FL, NV, SD, TN, TX, WA, WY)
  • Live where exempt-interest dividends from other states aren't taxed (DC, IN)
  • Have only a small amount of exempt-interest dividends and aren't concerned with extra state tax

Your state will tax these dividends or interest if you don't live in an area listed above.

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