How do you know you have interest income from U.S. obligations?
For Federal purposes, this amount should already included in Box 3 of your Form 1099-INT.
It includes interest from U.S Treasury Bills, Notes, and bonds and is taxable for federal purposes; but it may be tax exempt for purposes of your state return depending upon where it is sourced from.
I have attached a link with a bit more detail as to what type of income is taxable and not taxable as it does vary based upon your investment.
Interest income from US obligations
You would report this income in the federal section of the return.
- Select Income & Expenses
- Scroll down to All income
- Select Interest on 1099-INT
- Select Add another 1099-INT
- Proceed to enter your information. You may need to check the box stating your form has other boxes.
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