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July 6, 2020
Question

How should i enter tax exempt interest for a bond fund? i entered multiple states but still says needs review.

  • July 6, 2020
  • 1 reply
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1 reply

SteamTrain
Employee
August 4, 2020

Might be nothing to do with your entries for the tax-exempt part (box 11 and the followup to set as Multiple States)....Maybe it's this..

 

Edit that 1099-DIV again...look two things

1) if box 1a is empty/blank on the main form, the Online software seems to require that must have 0.00 in it .

2) if you have a box 1b entry, then box 1a must be greater or equal to box 1b

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Could be some other stuff, usually the software will tell you exactly what it is having a problem with when you go thru the Federal Review and error check if it's something else.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*