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For a mutual fund with only capital gains income and 7% from U.S Treas. specified, can I reduce the capital gains by 7% so they are not taxed by state?
Mutual fund 1099-DIV has long and short term capital gains only. No dividend, no interest. The 1099 also specifies 7.67% of the income is from U.S Treasury. I understand U.S Treasury income is exempt from state income tax. How much of the long and short term gain can I attribute to U.S Treasury?
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‎June 1, 2019
9:23 AM