Tell us more about your exempt-interest dividends

Forum|Forum|1 year ago
April 9, 2025
1 reply
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My broker's 1099DIV lists one percentage for "U.S.Possessions". It does not break it out specifically into Puerto Rico, Palau, Guam, American Samoa, the Northern Mariana Islands, Marshall Islands and the U.S. Virgin Islands, yet the TT interview drop down is asking for the amount for each specific U.S. possessions. How do I address this in the interview?

Also, for the section "I earned exempt-interest dividends in more than one state.", I should have at least 3 amounts listed, correct? ....one for my state, one for U.S. Possessions (if any), and one for "multiple states".

AmyC

Employee

Since your dividends came though a brokerage, you might be able to choose Regulated Investment Company -RIC as the source. That solves the problem completely.

Each state handles things a little differently, if you are in a state that also excludes income from possessions, it is good to separate them out. Well done!

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