@SteamTrain I'm trying to understand US Government Obligations so I think #2 on your list is what I'm concerned about.
The letter says I may have a mutual fund where "total income [is] derived from U.S. government obligations" based on the letter. Looking at the list in the letter, I see a mutual fund I have. The state tax says I can exempt interest based on "percentage of dividends derived from interest on United States obligations and/or Alabama municipal obligations which are received from a regulated investment company."
So I just use box 1a as we discussed since box 11 is only for #3 on your list. Because my entire 1099-DIV is based on $$ for one fund and no other funds, I just need a percentage taken out and that's it. The interest section will have interest exempt $$ with zero taxable interest. The remaining dividend $$ part of the % will be in the dividend tax section which has no dividend exempt section (because that probably would make no sense). Simple and straight forward arithmetic.
For #3 you have there, I have zero in box 11 so I just won't deal with any of that.
I think I have this now. Correct?
