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Problem with Form 1099-DIV Box 12 Exempt Interest Dividends

I am running into a problem entering data into the Form 1099-DIV Box 12 Exempt interest dividends with the table Tax-Exempt Interest Dividends State Allocation.  When I enter the state ID (in my case the filing state is NY), and a column (b) entry of greater than 1.00 percent, everything works fine.  However, when I enter one of the non-state IDs (PR, GU, AS, VI, etc.) with a percentage less than 1.00 percent, it gives me an error box:

The value entered must be equal or greater than 1.00.

This seems to be new, I went back and looked at my TurboTax Premier 2022 return, and there are percentages there less than 1.00.

* Has anyone run into this?
* Suggestions or work arounds?



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3 Replies

Problem with Form 1099-DIV Box 12 Exempt Interest Dividends

My bad, I figured it out.  If you enter the amount in column (c) Amount of Interest dividends by state, leaving column (b) blank, Turbotax fills in the (lower than 1.00) amount, i.e. calculates the percentage.  So that is at least a work-around, although really TT should allow entry either way.

Problem with Form 1099-DIV Box 12 Exempt Interest Dividends

I also have a problem with Box 12 tax exempt dividends while entering various for the states where earned.  The program does not accept this although it was entered in the step by step.

RobertB4444
Expert Alumni

Problem with Form 1099-DIV Box 12 Exempt Interest Dividends

If there are several states that the exempt dividends are from enter the one that the majority is from.

 

@77gebby 

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