In Florida do I report dividends and distribution that are listed on my 2023 1099 div to Feds? I’m getting mixed messages on whether it’s taxable

[Shar6]

As a Florida resident I’m told investment accounts are not taxable since there is no personal income tax

[xmasbaby0]

You have to enter all of your income on your federal return---you are subject to all federal tax laws when you prepare a federal tax return.  Living in FL does not exempt you from following federal tax law.

[Shar6]

Ty I thought so … I assume that pertains to pension payments too?

[DoninGA]

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@Shar6 wrote:

Ty I thought so … I assume that pertains to pension payments too?

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Yes, that also includes pension payments which would have been reported to you on a Form 1099-R.

[xmasbaby0]

You seem a bit confused.   The fact that you live in Florida and do not have a state income tax has no relevance to what you have to enter on your federal tax return.  You are subject to all of the federal tax laws, just like anyone else who lives in any of the fifty states of the U.S.  All of your income goes on your federal tax return.

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

[Hal_Al]

People who live in one of the 41 states with a state income tax file a separate (from the federal return) state income tax return to pay state tax.