Enter income that is tax exempt at the federal level

You can enter income from a state, local, or municipal bond that's tax exempt at the federal level but taxable at the state level.
  1. Open 1 of the following screens:
    • Income
    • Broker
    • K-1
    • K-1-T
  2. Open the statement window for the
    Interest income
    field or the
    Dividends
    field.
  3. Enter the total tax exempt amount in the
    Tax-Exempt Amount
    field. This includes income attributable to private activity bonds issued after August 7, 1986.
  4. On the same line as the amount entry, enter the portion that's nontaxable to the integrated state in the
    In State Muni ($ or %)
    field.
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