VUSXX for NJ Tax Free Div. 1099-DIV

Mark122
Mark122 Member Posts: 1 Newcomer
in Income

VSUXX Dividend is not taxable for NJ but Taxable for Federal

How to achieve this with FreeTaxUSA as entire dividend amount is being considered for taxation for NJ state return , How to change this amount manually for NJ state tax return

Thank You

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Answers

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 557

    Hi Mark122,

    Make sure when you enter the 1099-DIV you answer Yes, to the question, "Is this a mutual fund that has U.S. Government interest income?" Press Save. On the next page, "State Tax-Exempt Dividends" enter the amount that is exempt in NJ and Save. You don't enter that on the NJ State pages.

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