Hi
i bought ETF BIL in year 2024,
it pays dividend from short-term us treasury bond.
in theory these dividend are ~98% government obligation, should be exempted from MA taxes.
1. in TurboTax home&business 2024,
PERSONAL -> Personal Income -> Interest and Dividends -> Dividends on 1099-DIV -> Update
2. in the 1099-DIV page
Dividends and gains -> Box 1a -> $11548.18
3. Click "Continue"
check "A portion of these dividends is U.S. Government interest"
4. Click "Continue"
"U.S.Government interest", type in $5000 for testing
5. Click "Continue", "Confirm" ...
Surprisingly, i do not see my MA Tax Due goes down, still $2000 due.
In step 2, if i type in $1 just as a test, i can see more Federal Refund which make sense. But the MA Tax Due doesn't change, still $2000 due.
$11548 is a big amount, with 5% MA tax, shouldn't i see the MA tax due change ?
So my question is, if the dividend from BIL is MA tax exempted as it claimed, am i doing something wrong in my steps ?
