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tax exempt dividends are recorded on 1040 line 8(b) only and not included in come.
only taxable dividends are reported on schedule B
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Problem is when I filed my NYS tax return the tax exempt divividend was added back to to NYS taxable income but if I reported it on schedule B as both interest income and deducted as tax exempt income deduction as offsetting amounts reported on part i - line #1, which will also be reported on 1040 line 8(b). Pls advise.