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January 29, 2025
Question

Tax exempt dividend income not carrying over to PA state dividend income correctly

  • January 29, 2025
  • 1 reply
  • 0 views

2024 tax year, TT deluxe desktop software.  I imported my 1099-DIV that includes $1000 in exempt interest dividends (box 12).  On the prompt to distinguish where those exempt dividends came from I selected "earned in more than one state radio button", entered PA from the state drop down and $100 (amount that is PA tax exempt) and also another line item with "multiple states" selected and $900 (amount that is subject to PA tax).  When I get to the PA state Dividend Income Summary page, there is a single line item for the $1000 and the adjustment page has the first "tax exempt" check box checked and grayed out (meaning the whole $1000 is PA tax exempt).  When I did this for 2023, TT created 2 line items in the state dividend income summary; one for $100 with the "tax exempt" box checked and disabled & another for $900 with the "tax exempt" check box not checked or disabled.   I believe this is a bug in the TT deluxe desktop software.  Anyone else experience this issue of have a suggestion?

    1 reply

    SteamTrain
    Employee
    January 29, 2025

    That's the right way to do it...sound like a bug.

     

    Run a software update tomorrow, or Friday...and check it again then. (If the PA software also updates, sometimes a state update is issued a day later than the Federal section)

     

    IF still a problem, then you should call customer support and get it logged in as a bug.

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=m6ihi4dl

     

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