Thanks for the response, still confused as to what turbotax wants. In the back of my 1099 there are entries for
- Federal obligations
- Federal Home loan banks
- Federal farm credit banks
- U. S. territories obligations
So which of these are classed as US government interest? When I put the total of all terms in it gave me an error message during final check as the amount was greater than the interest paid. I know the US territories interest is exempt from state taxes, don't know if this falls under federal interest.
