You can do it. The interest and dividends will be handled accurately simply by entering the documents. TurboTax will calculate the appropriate amounts for both qualifying dividends, and Section 199A dividends.
Likewise the US Treasury bond interest will be tax-free on your state return by indicating the appropriate information in the federal and the state return. Every state has a slightly but similar interview, watch the screens for any question relating to the bond interest.
1099-INT:
- Open (continue) your return if it's not already open.
- Inside TurboTax, search for 1099-INT and select the Jump to link in the search results.
- Answer Yes to Did you receive any interest income?
- If you see Here's the interest we have so far, select Add interest income.
1099-DIV:
- Open or continue your return.
- Search for 1099-DIV and select the Jump to link in your search results.
- Answer Yes to Did you receive any dividend income?
- Choose your bank or brokerage from the list to import your 1099-DIV and select Continue or manually enter your 1099-DIV by selecting I'll type it in myself.
- Follow the on-screen instructions to enter your 1099-DIV.
If you have any issues with your state return or other questions we have many experts here to help.
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