mehranariani
Level 2

1099-DIV government percentage

In my 1099-DIV the following have been supplied:

% of dividends from U.S. government securities:  5.47
% of fund held in U.S. Government securities at December 31, 2018:    3.37
Were U.S Government securities at least 50% of holdings at each quarter end: No

How do I calculate based on these what number i should place in TurboTax : Enter Government interest

‎June 4, 2019 2:53 PM
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dogongulf
Level 3

Get your taxes done using TurboTax

Take the ordinary dividend from box 1a. Multiply that number by 0.0547 (5.47%) and enter it into TurboTax where it asks for Income From Government Backed Securities. In short, use the % of dividends not the % of funds.

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‎June 4, 2019 2:53 PM
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