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Entering 1099-DIV Box 10 in Lacerte

by Intuit Updated 2 years ago

Per the IRS instructions for Exempt-Interest Dividends,

"Enter exempt-interest dividends, which are income dividends paid to you from a mutual fund or other regulated investment company earned on federally tax-exempt securities, such as state municipal bonds. Exempt-interest dividends will not be listed on Schedule B, but will be included on Form 1040, line 2a as tax-exempt interest."

To enter 1099-DIV, Box 10:

  1. Go to Screen 12, Dividend Income.
  2. Scroll down to the Form 1099-DIV section.
  3. Locate the Tax-exempt Interest subsection.
  4. Enter the amount in, Total municipal bonds.

This amount will flow to Form 1040, line 2a.

Before tax year 2018, these amounts flowed to Form 1040, line 8b.

Lacerte Tax 2017Lacerte Tax 2018Lacerte Tax 2019Lacerte Tax 2020

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