TurboTax asks "Enter interest and dividends from a mutual fund you received during 2022 that are taxable in Colorado but were not subject to federal income tax".
1) The only index fund I hold is Vanguard's Total Stock Market Index (VTSAX). On my 1099-DIV, it says the following:
Percentage of Income from US Government Securities
U.S. Treasury 0.09%
Fed Home Loan 0.07%
Fed Farm Credit 0.00%
Student Loan 0.00%
TN Valley Auth 0.00%
Other Dir. Fed 0.00%
It looks like non of the above sources are taxed by Colorado, so would I just enter $0 for the question above?
2) Since it specifically says "but were not subject to federal income tax", then it sounds like this does not apply to interest from a checking/saving account, as an example. Is that correct?
