Income from Government secirities

[Gottlipe]

My 1099-DIV covers a variety of mutual funds and provides supplemental information concerning income from government securities for each fund.  I can total the percentage for all the funds, but I don't know what to deduct it from?  Do I deduct it from total ordinary dividends or from qualified dividends or from capital gains distributions? 

[baldietax]

see guidance here and your brokerage may have similar

https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/usgo-2025.pdf

multiply the % given for each fund against the amount it distributed included in Box 1a

note for CA/CT/NY the fund needs to meet a threshold to qualify for this exemption.

enter the total amount of US Gov Obligations in the supplemental questions which follow the 1099-DIV entry screen.  That will apply in your state return as a subtraction from Federal income.

[Gottlipe]

Thanks much