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February 22, 2021
Question

I have a 1099-div, on line 11 I have 505.16 for Exempt-Interest Dividends. Turbo tax is asking what state it is from. Edward Jones doesn't know. Do I just put my state?

  • February 22, 2021
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1 reply

RayW7
February 22, 2021

 

In all likelihood, the dividends truly are from more than one state, so you are going to want to select "More than One State".

 

Its possible you can get a tax benefit on your state return if you can identify which state the dividends are from.  The tax benefit you would get would be that your home state would not tax the dividends that come from your state (if there even are any).  They would still tax the other dividends.

 

This information would only come from your financial institution.  If it is not listed right on the 1099DIV (which it often is not), then you would need to contact your broker or financial institution for more information about the fund's investments.  It might be listed in your year-end reports or a prospectus online.