I have a client with interest and dividend income on a K1, which includes a portion of tax exempt interest and dividends. In the K-1 screen, there is a box for U.S. bonds, T-bills, etc. (nontaxable to state) - I've entered the exempt interest in that box, but I am unsure where the exempt dividends should be put?
You can always skip entering it on the K-1 forms and just enter the exempt interest the same place that you would put it if it was reported on a broker 1099.
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