How can my dividend income include U.S. Government interest income?
Some mutual funds, ETFs, or other investment vehicles invest in U.S. Government bonds and receive interest from them that they then pass on to shareholders. If your dividends include interest from U.S. Treasury Bills, notes, or bonds issued by any agency of the U.S. Government, that income will be exempt from state and local taxes.
Each state defines government bonds differently, so you may need to check if any of these dividends are taxable in your state. You can often find this information on the 1099 you received, or you may need to check with your broker or mutual fund company.
Only enter amounts here that your state does NOT tax.
Each state defines government bonds differently, so you may need to check if any of these dividends are taxable in your state. You can often find this information on the 1099 you received, or you may need to check with your broker or mutual fund company.
Only enter amounts here that your state does NOT tax.
