A portion of the exempt dividends from a number of funds investing in municipal income are not taxable in Massachusetts. How do I flag this income during the federal interview so that it is handled properly during the State interview?
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In the Federal section, enter your 1099-Div.
In the Federal section, enter your 1099-Div.
I have the same issue but I Imported the 1099-R infor and the dropdown boxes you mention do not appear. Why and what can I do? Box 11 is correctly filled in but I do not have any dropdown box to tell TurboTax which states the dividends came from nor the $ amounts.
One of the things I found was that I needed to fill in the drop down boxes with
(1) the amount not taxable in MA and
(2) the remainder amount of Exempt Dividends
For the first entry I picked Massachusetts. For the second entry (the remainder amount) I scrolled to the bottom of the "State" pick list and selected something like "multiple states"
TurboTax won't total the amounts column for you, but they must add up to the amount shown at the top of the page. If they don't, after you hit continue, the program will suggest that you revisit the page, which you can do by selecting "Back."
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