Entering Municipal Bond Fund Dividends from Ohio

Forum|Forum|11 months ago
April 10, 2025
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Greetings. I want to carve out the amount of Municipal Bond dividends that were from Ohio that were paid to me from Mutual funds holding multiple state Muni bonds. I have seen posts from 2019 in this Community that attempt to describe how to enter the amounts that should be exempt from Ohio taxes but those directions are outdated. Can someone tell me how to enter the amounts that should be exempt from Ohio taxation. I know that I can get the actual percentages from documentation provided by the Mutual Fund. I just can't find the area in TT Desktop that allows me to enter the amounts. I am assuming it is in the area where I entered (actually imported) the 1099-DIV for each Mutual fund (I have two that invest in municipal bonds). I appreciate any help you can provide.

Best answer by Hal_Al

If your mutual fund company provided you a breakdown, you are only interested in your home state. Multiply the % for your state by your total tax exempt dividends to get a $ amount (you can't enter the % in TurboTax [TT]). When asked which state, check the box "I earned tax exempt dividends in more than one state". In the drop down menu, select your state and enter the $ amount you calculated. In the 2nd box, select "More than one state" (at the bottom of the scroll down list) and enter the remaining dollar amount.

Note: Ohio also does not tax interest from obligations of US Territories (Puerto Rico, Guam USVI).

TurboTax should handle this automatically, if you enter the territories interest individually. There was a glitch, a few years ago, so I add the territory interest, when I enter my Ohio amount. I haven't bothered to see if TT ever fixed it.