After filling in dividends from 1099-DIV I am asked if any of these uncommon situations apply.
The first one is: A portion of these dividends is US Government interest.
Company dividends: 1a -$20.17 ;1b -$20.17, other boxes are 0; my income less than $40K, and I live in New York city.
Based on the info above, do I check the box that states: A portion of these dividends is US Government interest?
and how to calculate U.S. Government interest? Thanks.
