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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.
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March 6, 2025
9:07 AM