Question

What is Federal Tax-Exempt interest for state taxes and where is the amount found?

No text available

Look on:

1) Any 1099-INT forms with $$ in box 8

and

2) Any 1099-DIV forms with $$ in box 12.

Those are $$ that are Federally tax-exempt....either from;

a) Actual individual Municipal bonds you own (1099-INT)

or from

b) Mutual Bond funds or Bond EFTs you own (1099-DIV)

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

Get answers to all your tax questions