Question
Is it possible to deduct tax-exempt dividends on State tax return as well if some % of these dividends comes from my state?
I owned a Vanguard tax-exempt bond mutual fund that paid dividends in 2023. These dividends came from multiple states, including the state where I live (Illinois.) On 1099 form Vanguard indicated what % of the dividends came from the bonds issued in my state. Would it be possible to deduct the dividends that came from my state on my Illinois state return? If so, how can I do that in TurboTax?
