1099 from bond funds and tax exempt amount

[jman3]

I invested in bond funds (as mutual funds and ETFs) that gave me a 1099 and received dividends, capital gains. The federal return asks if any portion was from US Government Interest. The New Jersey return asks what portion is tax exempt (due to federal or New Jersey obligations). How would I know if any portion of the money from the bond funds should be exempt by federal and/or NJ based on their bonds composition, and what amount would that correspond to? Is that something that I would call my brokerage to ask, or would it be reported on the 1099? Thanks!

[AamilD]

Did you also get a 1099-INT for these investments? If you did, you can refer to Box 8 which will show the Tax-Exempt Interest .

[jman3]

Thank you for your reply. I did not receive a 1099-INT for these. The amounts were reported on 1099-DIV forms, with amounts in boxes 1a, 1b and 2a (dividends, qualified dividends, and capital gains). I imagine that the interest from the bond funds and ETFs were treated as dividends. I appreciate your help.

[DaveF1006 · Accepted solution]

In your 1099 DIV, check the box that says my form has information in more than just these boxes. Box 11 is the Box that reports exempt-interest dividends. Check your hard copy 1099 DIV to see if there are amounts recorded in Box 11.

@jman3