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martindkm
New Member

How do I know which state my 1099 DIV exempt-interest dividends are from? It's not listed on my statement. Is this the state I live in?

 
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3 Replies
MayaD
Expert Alumni

How do I know which state my 1099 DIV exempt-interest dividends are from? It's not listed on my statement. Is this the state I live in?

You can select Multiple States from the dropdown 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

If that is not the case, contact your financial institution/dividend payer.

 

The dividends/interest reported won't be taxed on your federal return.

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martindkm
New Member

How do I know which state my 1099 DIV exempt-interest dividends are from? It's not listed on my statement. Is this the state I live in?

When I contacted my financial institution about this they replied that it's the state I live in. If this is in fact the case it would be more clear to people preparing their taxes if this was stated in the "For additional information" section. 

martindkm
New Member

How do I know which state my 1099 DIV exempt-interest dividends are from? It's not listed on my statement. Is this the state I live in?

ps. Thank you so much for taking the time to answer my question - I really appreciate it.

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