TurboTax will cover it. To flag this as US Governmental Interest, follow these steps:
- From the Personal Tab, select Personal Income
- Select I'll choose what I work on
- Scroll down to Interest and Dividends>Interest on 1099-INT and select Start/Update
- Here's the interest we have so far
- Either Add Interest income by clicking Add Interest income, or
- Edit your existing entry by clicking Edit
- Let's get your 1099-INT or brokerage statement details
- Enter who you received the interest from and the box 1 amount
- Click the box by My form has info in more than just box 1 (this is uncommon)
- Fill in the rest of your form exactly as you received it and click Continue
This will automatically carry these details to your state return. To confirm this result, follow these steps:
- Click the Forms icon in the upper right corner to toggle to Forms
- Scroll down to Michigan Individual Schedule 1
- Schedule 1, Line 10, which is a subtraction, should be populated with the income form U.S. government bonds and other U.S. obligations included in full from Adjusted Gross Income captured on MI-1040, Line 10.
