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April 15, 2025
Question

Exempt Inerest

  • April 15, 2025
  • 1 reply
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My 1099 does not identify state where exempt interest was earned.

    1 reply

    DawnC
    Employee
    April 15, 2025

    If you don't know the states, leave the special handling box unchecked.   Or you can select Multiple States if you:

     

    • Live in a state with no income tax (AK, FL, NV, SD, TN, TX, WA, WY)
    • Live where exempt-interest dividends from other states aren't taxed (DC, IN)
    • Have only a small amount of exempt-interest dividends and aren't concerned with extra state tax

    Your state will tax these dividends or interest if you don't live in an area listed above.

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