( NY has a Mutual Fund 50% of assets holding limit for this type of reporting on a 1099-DIV)
#2) IF the bonds were held within an actual Mutual Fund collection of bonds, and not individual bonds you own directly, then they may issue a 1099-DIV for those $$ instead.....but the 1099-DIV entries may include both state-taxable, and state-non-taxable interest. In that case you just enter all the boxes the 1099-DIV as received form the Mutual Fund company, but on a follow-up page there is a series of checkboxes....one of which says "A portion of these dividends is US Government interest". You check that box and on the next page you enter the exact $$ amount that is from those US govt bonds......you have to calculate the exact amount yourself form the Broker's supplemental information they provide.
Additional info about 1099-INT and 1099-DIV form reporting below and whether you are allowed to deduct from NY income when reported on a 1099-DIV.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
