1041-US: Entering income from a U.S. territory that is exempt from both federal and state tax (FAQ)

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Question

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

Answer

Do not use the statement dialog for the Interest income field or the Dividends field on Screen Income, K1, or K1T. Instead, enter the description and amount in the statement dialog for the Nontaxable income: Other field on Screen Income.

Related topic: 1041-US: Tax-exempt income FAQs

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