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February 8, 2020
Question

State Taxable Portion of Tax-Free Bond Fund FTABX

  • February 8, 2020
  • 1 reply
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Does Turbo Tax automatically calculate the state-taxable portion for FTABX? In New York, 5.76% is state exempt, balance taxable. 

    1 reply

    KathrynG3
    February 8, 2020

    No, this is a manual calculation. Fidelity.com FTABX details include the state diversification for the percentage rates that are exempt.

     

    When entering the detail, from the left menu>Federal>Wages & Income>

    Interest & Dividends and click Show more>Interest on 1099-INT>

    click on My form has info in other boxes to get to Box 8 Tax-exempt interest and Box 14, Tax-exempt and tax credit bond CUSIP no.

     

    [Edited 2/8/2020 | 10:09 AM PST]