Is Box 12 of 1099-DIV included in Turbotax question "A portion of these dividends is U.S.Government interest?"

[ohthejoyoftaxes]

This has been very helpful, thanks. My situation is similar to others in here, but still not 100% sure what to put.  In my case I received some exempt interest dividends (box 12).  The details also refer to this, which I've seen others have:

Supplemental information regarding the percentages of tax-exempt income on municipal bond funds by state and the percentage of government agency, direct federal and foreign
source income for funds will be available by March 1, 2024, at http://bny.mn/taxresources

But my exemption is for PGIM MUNICIPAL HIGH INCOME FUND.  TurboTax is asking which state my exempt interest dividends are from, but I can't tell from the PGIM site (PGIM Muni High Income Fund) and don't understand why I'd use the BNY site at all.  I also live in NC.  Any ideas?  Thanks in advance.

[hbl3973]

ohthejoyofotaxes,

The infor you are looking for is in the PGIM Tax Center.  See the page Supplemental Tax Information there which says 0.47% of the exempt interest dividends were from NC.

[jagrace]

My state is Ohio--I'm pretty sure income from US government securities is deductible--it has been in the past.  Is it for 2024 returns?

Thank you!

[SusanY1]

Yes, income from US government securities is still exempt from Ohio tax.  @jagrace 

[Wegs29]

My transfer came over and I have 1907 in tax exempt interest.  560$ is tax except in Colorado.  (Add back) I can’t get to a federal screen to get the benefit on my state return ?

[Wegs29]

Box 12 exempt interest dividends 1907

[AmyC]

Box 12 is  state exempt without you doing anything. Federal obligations are exempt in every state.

[feta2020]

I have a supplemental schedule that says my investment is 55% of eligible income from US govt Securities for mutual funds.  Do I simply calculate 55% of box 1a to show the portion?  How do I actually report the portion that is eligible income from US govt securities? Can someone help me understand?

[feta2020]

Please help me understand.  I have mutual fund investments that have eligible income from US government securities.  Are those exempt from federal tax?  or just State?  I don't file state income tax.  But if applicable, do I calculate the percentage using box 1a  or 1b totals from the 1099 DIV?

[MarilynG1]

If not, yes, you can calculate and enter the amount  as your supplemental statement shows on Total Dividends. US government securities do not pay dividends, they only pay interest. So, normally income from investments in mutual funds that hold US government securities would be interest income and exempt from taxation in some states. 

On the next page, check the box 'a portion of these dividends is US Government interest' .

Be sure to enter your Resident State as 'First State' and any other states in the second line as 'Multiple States'.

@feta2020