I have a 1099 DIV with $9101.37 in box 1a: Total Ordinary Dividends. Of that amount $2143.54 came from SNVXX. When I look up SNVXX, Schwab says at least 99.5% comes from US Government securities.
After I enter the 1099 DIV in TTax, I am prompted with a series of check boxes. One of them says: "A portion of these dividends is U.S. Government interest." Since 99.5% or more of this fund is in government securities I checked the box. I then entered $2,132.82, which is 99.5% of the total I received from SNVXX.
Did I handle this correctly?
