Question

State allocation for tax exempt interest dividends

Forum|Forum|7 years ago
June 6, 2019
1 reply
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If you receive dividends on mutual funds how do you determine the state code for Schedule B Box 10 or are they all XX?

TurboTax Premier Online

There are "single-state" mutual funds and there are "multi-state or national" mutual funds. Usually the single-state fund has the name of the state in the name of the fund, for example Wisconsin Tax-Free Municipal Bond Fund, Multi-state or national funds do not have a name of a state in the name of the fund.
So, if you have a fund with a state name in the fund, then you select that state's id, otherwise you select "more than one state" from the state name drop down box or XX if you are doing it manually