tax exempt interest-dividends

[mikeo0]

i downloaded my tax info from my wells fargo account. in box 12 I have 16,640.82 in exempt interest -dividends. On the last few pages of my tax statement there is a summary of state tax exempt income, and a section that says 1099 div exempt interest-dividends box 12 includes box 13, that includes about 40 + states and totals 6,487.68 in interest-dividends. I tried entering this in turbo tax and the error messages said that the amounts entered in each state are incorrect ....any ideas why ?? thank you in advance for your assistance

[DianeW777]

Yes, first of all you don't need to enter all states. First you will enter your state and enter the percentage that is earned from your state if any, next you will select 'Multiple' states and enter the balance. The only concern is that your state doesn't tax tax exempt interest dividends that are actually earned in your state. 

If your state doesn't have income tax then you don't need to use anything except multiple states.

Please update here if you need further assistance and we will help.

[baldietax]

also look out for state exemption for US Territories e.g. Puerto Rico which can be relatively high % for some funds.  So maybe it's home state plus any applicable territories and the rest into 'multiple states'