Drake Tax - 1099-DIV and 1099-INT: Exempt Interest Dividend Not Carrying to State

Article #: 11523

Last Updated: October 18, 2024

 


Tags: Drake Tax 1099DIV1099INT

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Exempt interest dividend or exempt interest on the DIV or INT screen not flowing to the state return

Tax-exempt interest income is reported on box 12 of Form 1099-DIV (box 11 in 2021 and prior, or box 10 in 2018 and prior). Enter the amount of exempt-interest dividends in the applicable box on the DIV screen.

To indicate a breakdown of the interest from line 11 for state purposes, use the fields available at the bottom of the DIV screen.

Image of the "Amount of Box 12..." section on screen DIV

Tax-exempt interest income is reported on box 8 of Form 1099-INT. Enter the amount of exempt interest in field 8 on the INT screen.

To indicate a breakdown of the interest from line 8 for state purposes, use the fields available at the bottom of the INT screen.

Image of the "Amount of Box 8..." section on screen INT