TaksMan
New Member

RE 1099-Misc Box 8 - Substitute Payments in Lieu of Dividends or Interest

How does one handle the Box 8 amount earned on Treasury Bonds which should be excluded from state taxes?  

There does not appear to be a place in TT to indicate that this amount was earned on Government securities.  in contrast, Dividends on the same Bonds (1099-DIV, Box1) have an option to spec that they are earned on Government bonds.

 

Similarly, is there a way to indicate that capital gains are earned on Government securities, which are also supposed to be free from state taxes?

 

Any help will be greatly appreciated.