I get 4 different 1099s from my broker and TT keeps asking me to fill in "US Government Interest" but does not tell me which of the 1099 forms the question is related to.

This is coming up in the Review section. How do I fix this? How is this info used?

179

Expert Alumni

Feb 28, 2020 1:28:54 PM

U.S. Government interest is reported in box 3 of 1099-INT.

It is taxed on the federal return, but it is stated separately because it may be tax exempt on a state return.