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May 16, 2021

To enter tax exempt dividends from Puerto Rico.

  1. Type dividends in Search in the top right
  2. Click Jump to dividends
  3. Click Review next to the dividend that has a state tax exempt portion
  4. On the screen Let's get the info from your 1099-DIV, check the box near the bottom My form has info in other boxes (this is uncommon)
  5. Enter your Exempt-interest dividends in Box 11. Continue.
  6. On Tell us more about your exempt-interest dividends, select Puerto Rico as the "State."

All bonds issued by the Government of Puerto Rico, or by its authority, shall be exempt from taxation by the Government of the United States, or by the Government of Puerto Rico or of any political or municipal subdivision thereof, or by any State, Territory, or possession, or by any county, municipality, or other municipal subdivision of any State, Territory, or possession of the United States, or by the District of Columbia.

 

48 U.S. Code § 745.Tax exempt bonds

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