Enter interest and dividend data and allocate the income to state tax returns
- Open 1 of the following screens:
- Income
- Broker
- K1
- K-1-T
- Open the statement windows for theInterest incomeandDividendsfields.
- Enter the following information in the F/S Code, Postal Code, and In State Source ($ or %) columns.
- 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. EnterSfor all but 1 of the duplicate line entries. The federal product ignores entries coded withS. EnterFin theF/Sfield if the item applies to only the federal return.
- 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 differentIn State Muni ($ or %)orIn State Source ($ or %)for each state.
- 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 thePostal Codefield. Leave this field blank if none of the interest amount is in-state source income. The system ignores theIn State Source ($ or %)field for items in theTax Exemptfield. Use separate line entries if the in-state source amount or percentage is different for ordinary dividends compared to total capital gain distributions.
