Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Income

Enter interest and dividend data and allocate the income to state tax returns

  1. Open 1 of the following screens:
    • Income
    • Broker
    • K1
    • K-1-T
  2. Open the statement windows for the
    Interest income
     and
    Dividends
     fields.
  3. Enter the following information in the F/S Code, Postal Code, and In State Source ($ or %) columns.
    1. F/S:
       Use this field only if you are preparing multiple-state tax returns. Make duplicate line entries for each state. Use a different ZIP Code for each entry. Enter
      S
       for all but 1 of the duplicate line entries. The federal product ignores entries coded with
      S
      . Enter
      F
       in the
      F/S
       field if the item applies to only the federal return.
    2. Postal Code
      : Enter the ZIP Code for the state return. When processing more than 1 state return, make duplicate line entries for each state. For example, you need to enter a different
      In State Muni ($ or %)
       or
      In State Source ($ or %)
        for each state.
    3. In State Source ($ or %)
      : Enter information if any of the taxable interest is in-state source income for the integrated state, or the state indicated in the
      Postal Code
       field. Leave this field blank if none of the interest amount is in-state source income. The system ignores the
      In State Source ($ or %)
       field for items in the
      Tax Exempt
       field. Use separate line entries if the in-state source amount or percentage is different for ordinary dividends compared to total capital gain distributions.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close