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Level 3
March 24, 2025
Solved

Tax exempt dividends for different states

  • March 24, 2025
  • 1 reply
  • 11 views

When you are entering the additional dividend information, you can enter state information, but only for one state, but the dividends exemptions relate to multiple states.  How do I get this to be correct on the state return?

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Best answer by dascpa

You need to have two lines on the Dividend Income Smart Worksheet. I'll do, for example:

ABC Investment House - MD Tax Free and then on the supporting worksheet enter the MD (resident state) amount with MD marked off.

ABC Investment House - Non-MD Tax Free and then on the supporting worksheet enter the balance with XX marked off.

1 reply

dascpa
dascpaAnswer
Level 11
March 24, 2025

You need to have two lines on the Dividend Income Smart Worksheet. I'll do, for example:

ABC Investment House - MD Tax Free and then on the supporting worksheet enter the MD (resident state) amount with MD marked off.

ABC Investment House - Non-MD Tax Free and then on the supporting worksheet enter the balance with XX marked off.

Level 2
March 24, 2025

Thank you!