Tax exempt interest - 1099 Div

Forum|Forum|2 years ago
April 4, 2024
4 replies
20 views

Why is my tax exempt interest that I filled out in the federal tax section using 1099 -DIV being added as taxable income on my state tax form?

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DawnC

Employee Tax Expert

Did you adjust it on the state return? What state? There is an income screen on the state return where you can enter additions or subtractions to the income that transferred from the federal return.

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mswinAuthor

Level 2

It is Minnesota. I didn't see a place to adjust the state return. It just walked me through a few questions and said done. Do I need to open the form? And how would you do that for State and not affect Federa? Really new to turbotax and not sure how to use the program.

mswinAuthor

Level 2

I think I found the place to adjust income. It says I entered $230 on the federal. Then it says - Enter portion where less than 95% of the dividends comes from bonds issued in MN. The total I entered in Federal was $230 MN and $11 in other states. Do I put Zero or the $11 in the box?