- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
On your 1099-DIV, a portion of box 1a $$ "might" be from US Govt Bonds that MA won't tax.
BUT
IF you are going to break out that amount , you must calculate that exact amount from whatever funds you held, and from the following Fidelity information (BUT: you don't have to, you can just let them be and move on):
___________________________________________
Once you determine that $ amount from US Govt bonds...you change nothing on the main 1099-DIV form, but on the page AFTER the main software form, you check a box "A portion of these dividends is US Government interest" .... then on the next page you'll have a place to enter that calculated amount, and then MA won't be taxing that sub-portion of dividends that was included in box 1a
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 8, 2021
11:23 AM