gtax007
New Member

Get your taxes done using TurboTax

Got it. It's interesting because say I have a national municipal bond fund. Turbo tax will ask, "what portion of Firm A National Municipal Fund is from California municipal bonds?" If I put say 30% it will automatically then know it doesn't qualify to be exempt in full or in part from California taxes. However with the section on U.S. government bonds, it simply asks you to put in the total amount from all your funds that are from U.S. government interests. In other words, unless I knew that specific law I would put in the number and TurboTax never checks it or gives me the heads up in the same way?