Drake Tax - 1099-DIV and 1099-INT: Exempt Interest Dividend Not Carrying to State
Article #: 11523
Last Updated: October 21, 2024
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.
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.