1041-US: Tax-exempt income FAQs

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The following includes answers to common questions about tax-exempt income.

How do I enter income from a private activity bond?

How do I enter income that is tax-exempt at the federal level, but taxable at the state level?

How do I enter income from a U.S. territory that is exempt from both federal and state taxation?

How do I enter source tax-exempt interest or dividend income for state returns?

How do I not allocate a share of indirect expense to income that is exempt from both federal and state taxation?

Related topic: 1041 frequently asked questions

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