The TT interview asks...
"Enter U.S. Government interest
Enter the amount of dividends reported on this 1099-DIV from [broker] that represents interest from U.S. Government obligations.
U.S. Government interest....$____________
In my brokers Consolidated 1099, it has a section called Mutual Fund and UIT Supplemental Information where it lists the funds with PERCENTAGE OF INCOME FROM US GOVERNMENT SECURITIES. These funds that are listed with income from US Government securities have the following transaction types:
| Long-term capital gain |
| Nondividend distribution |
| Nonqualified dividend |
| Qualified dividend |
| Section 199A dividend |
| Short-term capital gain |
| Collectibles 28% gain |
| Unrecaptured section 1250 gain |
Do I apply the PERCENTAGE OF INCOME FROM US GOVERNMENT SECURITIES provided to each of these transaction types to come up with the answer asked for in the interview for U.S. Government interest?
