frencheese
Level 3

I have U.S. government interest from a K-1 trust (Schedule K-1 Worksheet) and an Edward Jones investment account (Dividend Income Worksheet) that I'm not sure where to enter either one so that it flows through and ends up on Schedule B for IA 1040 under "Dividends Exempt from Iowa Tax". I thought I found where on the Dividend Income Worksheet under A5 "U.S. Govt. Interest included in total dividends" but that doesn't flow through to the IA 1040 Schedule B. 

I also tried for the Schedule K-1 Worksheet putting the U.S. Government interest portion of the dividends under Part III 2b "U.S. Bonds interest (nontaxable to states) included in line 2" but that doesn't flow through either to the IA 1040 Schedule B.

How do I enter the interest from federal obligations so that it ends up on the IA 1040 Schedule B under "Dividends Exempt from Iowa Tax" for a K-1 trust and an investment account?

Thanks,

Bree

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