Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Tax exempt dividends for different states

kindracpa
Level 3

When you are entering the additional dividend information, you can enter state information, but only for one state, but the dividends exemptions relate to multiple states.  How do I get this to be correct on the state return?

0 Cheers
1 Best Answer

Accepted Solutions
dascpa
Level 12

You need to have two lines on the Dividend Income Smart Worksheet. I'll do, for example:

ABC Investment House - MD Tax Free and then on the supporting worksheet enter the MD (resident state) amount with MD marked off.

ABC Investment House - Non-MD Tax Free and then on the supporting worksheet enter the balance with XX marked off.

View solution in original post

4 Comments 4
dascpa
Level 12

You need to have two lines on the Dividend Income Smart Worksheet. I'll do, for example:

ABC Investment House - MD Tax Free and then on the supporting worksheet enter the MD (resident state) amount with MD marked off.

ABC Investment House - Non-MD Tax Free and then on the supporting worksheet enter the balance with XX marked off.

ros1
Level 1

Thank you!

0 Cheers
Accountant-Man
Level 13

Exact-i-mundo how I do it!

** I'm still a champion... of the world! Even without The Lounge.
0 Cheers
kindracpa
Level 3

Thank you!

0 Cheers