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tcook0984
New Member

Where exactly do I find the states I earned "exempt-interest dividends" from? It is nowhere to be found on my fidelity 1099 form.

 
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2 Replies

Where exactly do I find the states I earned "exempt-interest dividends" from? It is nowhere to be found on my fidelity 1099 form.

You find that information using appropriate selections at the following Fidelity web-page (perhaps bookmark that page for use next year(s) too):

 

Fidelity Mutual Fund Tax Information - Fidelity

______________________________________________________

1)  You are not "required" to do the breakout, you can just assign all $$ to "Multiple States" (at the end of the list of states in the pop-up)

2) If the amount from your own state is small, just doing #1 is easiest.

3) IL residents are not allowed to do the breakdown for Mutual Bond funds...box 11 on a 1099-DIV.   (But can do so for individual bonds they actually own with $$ in box 8 on a 1099-INT.

4)  CA and MN residents have bond-fund minimum limits on whether they are allowed to break out their $$ for box 11 on a 1099-DIV.  [[ And UT residents can include $$ from bonds in any states taht do not tax UT bonds...essentially the non-income taxing states....there is a special "Utah Residents (PDF)" selection that just lists the total allowed for UT so you don't have to do the math]]

5)  fi you do the breakdown, Remember that you only need to break out the $$ from yoru own state, and the US territories....as below for an NC resident:

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1099-DIV_TaxExempt_State_Online_2.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
LeonardS
Expert Alumni

Where exactly do I find the states I earned "exempt-interest dividends" from? It is nowhere to be found on my fidelity 1099 form.

That information can be provided to you by your mutual fund company.   You can answer that question by selecting  "More than one state" at the bottom of the state scroll-down list.

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