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.
- Open 1 of the following screens:
- Income
- Broker
- K-1
- K-1-T
- Open the statement window for theInterest incomefield or theDividendsfield.
- Enter the total tax exempt amount in theTax-Exempt Amountfield. This includes income attributable to private activity bonds issued after August 7, 1986.
- On the same line as the amount entry, enter the portion that's nontaxable to the integrated state in theIn State Muni ($ or %)field.
