KREC
Level 3

Get your taxes done using TurboTax

I have same question. Brokerage has two columns one showing direct federal income with a line item for each security and indirect federal income. Which one is considered US obligation when asked on the state form?

 

example:

 

Baird Aggregate Bond Fund

direct federal $271

indirect federal $281

 

notes only talk about some states having thresholds but don’t tell you which column is applicable