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HOW TO CALCULATES THE STATE MUNICIPAL BONDS IF ONLY THE TOTAL EXEMPT INTEREST IS GIVEN IN THE DIVIDENDS

dmufeed
Level 2
 
0 Cheers
3 Comments 3
George4Tacks
Level 15

Generally the composite 1099 gives a listing of all dividends. You need to weed through it to look for your state name in the listing of the specific funds. You could also ask your client, who either knows or could contact their broker to find out. 


Here's wishing you many Happy Returns
sjrcpa
Level 15

If not there, and material amounts, you can go to the fund's website and look for the Tax Center. Most fund families are good at providing this info online.


Ex-AllStar
TaxGirl3
Level 5

If you go through this a lot, you can also buy a subscription to something that spits out the answers: https://www.mfpco.com/