Exempt Interest Dividends

Tax-exempt interest from a mutual fund produces exempt-interest dividends when paid to the stock-holder. These dividends aren’t taxable, so you should report them on your return if you’re required to file.

Dividends that are exempt from interest might be subject to Alternative Minimum Tax (AMT). Your mutual-fund company should report this on the tax statement it sends you. If it isn’t reported, contact the mutual fund administrator to find out if the amount is subject to AMT.

Related Topics

Related Resources

What Is Cryptocurrency? | H&R Block

What is Cryptocurrency? Bitcoin, Litecoin, and the like leave many wondering how to classify this new form of investment. Find the answer at H&R Block.

Holiday Bonus Taxes

Congratulations on the Bonus! Learm more about the tax rate at H&R Block - whether you receive a holiday or cash bonus, it will apply to you.

The IRS, Bitcoin, and Other Virtual Currencies | H&R Block

Have you found yourself wondering how the IRS classifies Bitcoin? Our tax pros discuss relevant IRS Bitcoin law and notices. Learn more with H&R Block.

Farmer’s Market Tax Tips

If you are selling items at a farmer's market, learn how to file your taxes with H&R Block. From cash income to bartering, these tax tips will help.