How do I handle Exempt Interest Dividends when I don't know what state munis are in the muni fund?

[DaniK]

I would like to just mark the interest fully taxable for the client's state (it's a small amount) but I'm unsure what to put in that box and it comes up an error.  What has everyone else done?

[IRonMaN · Accepted solution]

On the interest line on schedule B, enter XX as the state code.

[DaniK]

Thank you! If I did have the breakdown, is there another spot to put the percentage that's state exempt too?

[IRonMaN]

Just use two lines - one for state exempt and one for not exempt.

[DaniK]

I really don't know why I never think of that.  Thank you!

[IRonMaN]

You betcha!
You would be surprised to know all of the things I think of.  Mostly totally useless thoughts ----------------- a lot of anvils to the head will do that to you

[DaniK]

You need to be careful, you can't regrow brain cells!  

[IRonMaN]

But you can buy them from ACME - cheap.  But then again, maybe that is part of my problem.

[DaniK]

They might blow up.  Just sayin'.  Can't trust stuff from ACME.

[IRonMaN]

Now someone tells me :open_mouth: