turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

exempt-interest dividend affecting federal return

Hello,

 

I have exempt-interest dividends reported in box 12 of a 1099-DIV form. I have this every year, but this year Turbotax is adding the amount in box 12 to my total investment/dividend income. On the 1040, the amount is shown in line 2a correctly, but the total investment income is still affected. Any solutions? Thank you. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
RobertB4444
Employee Tax Expert

exempt-interest dividend affecting federal return

The amount in the total investment income includes all of your investment income including the tax exempt amount.  So it is being reported correctly.

 

@sparco85 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

exempt-interest dividend affecting federal return

Thank you!!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question