Skip to main content
Level 4
March 1, 2022
Question

HOW TO CALCULATES THE STATE MUNICIPAL BONDS IF ONLY THE TOTAL EXEMPT INTEREST IS GIVEN IN THE DIVIDENDS

  • March 1, 2022
  • 2 replies
  • 6 views
No text available
This topic has been closed for replies.

2 replies

George4Tacks
Level 15
March 1, 2022

Generally the composite 1099 gives a listing of all dividends. You need to weed through it to look for your state name in the listing of the specific funds. You could also ask your client, who either knows or could contact their broker to find out. 

Answers are easy. Questions are hard!
sjrcpa
Level 15
March 1, 2022

If not there, and material amounts, you can go to the fund's website and look for the Tax Center. Most fund families are good at providing this info online.

The more I know the more I don’t know.
Level 5
March 1, 2022

If you go through this a lot, you can also buy a subscription to something that spits out the answers: https://www.mfpco.com/