How do I report tax-free interest received from multiple states?

[jmulqueeny]

My 1099-INT lists percentages

[SteamTrain]

@jmulqueeny 

1)  You can either select the top bullet point and scroll down the list and select "Multiple States" for all of it.

or

2)  If you live in a state with an income tax, you can, but are not required to, break out the $$ amount from your home state (and any US Territories).  To do that, you would select the second bullet point, and you have to calculate the exact $$ amounts yourself.  BUT...even so, you only calculate you own state's $$ (and any US Territory $$), and the remainder is all lumped together as one $$ entry as "Multiple States".   

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(But there are special rules for UT residents....also CA & MN residents have limits for doing this for exempt $$ on 1099-DIV forms.  IL residents can't break out IL exempt $$ on a 1099-DIV....but can on 1099-INT forms)

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See pictures below as an example for an NC resident:

....Note: if the $$ amount from your own State+US territories is less than ~$50, it's usually easiest to just use option #1.....(i.e. eliminating $50 in income for a state with a 5% tax would save you 2.50 in state taxes)

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