Hey everyone, I need some help filling out the 1099-DIV in TurboTax. I have VMFXX which in 2024 held 59.87% in U.S. Government Obligations per Vanguard tax document below:
https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/USGO_012025.pdf
In some states like California USGO over 50% meets the threshold requirement to be exempt from state taxes.
I understand TurboTax does not know how to calculate this which is fair.
I just need confirmation on a 1099-DIV it is as simple as taking 1a multiplying it by the percentage (59.87%) and that total is what is input in the US Government interest box in turbotax?
I believe it is this simple for this account but would like confirmation.
