What is the tax treatment of us treasury securities help in a mutual fund or eft

[djrich49]

I can look at their prospectus and get a percentage of holdings by quarter,  Can I just multiply this by the interest from the fund?  When I get to my state taxes (Michigan) will turbo tax have a place to gather and use this information.  I found an answer but it had some california specific informations

[TomD8 · Accepted solution]

If you own your mutual fund/ETF in a taxable account and are paid interest, you will receive a Form 1099-INT at year's end.  Interest you receive from U.S. Savings Bonds and Treasury obligations will be reported in Box 3 of that form.  Just enter the form into the appropriate section of TurboTax.

https://www.irs.gov/pub/irs-pdf/f1099int.pdf

[djrich49]

Thank you.  Unfortunately the consolidated 1099-int i get reports 0 in box 3. but I can estimate it based on the funds' prospecti   

[VolvoGirl]

Yes you have to figure out any US Govt Obligations dividends yourself. When you get the 1099 from the mutual fund company there should be a sheet giving the state percentages for each fund. But last year for 2022 Vanguard didn't include the sheet and I had to get it online from their website. You get the percent and multiply it by your dividend. Here's a sheet I made for Vanguard.

[VolvoGirl]

Like here's the 2022 Tax Info for Vanguard.  They won't post 2023 until  later in January.
Vanguard U.S. government obligations income information
https://www.vanguard.com/pdf/USGOIN_2023.pdf

Vanguard Tax-exempt interest dividends by state
https://www.vanguard.com/pdf/INBST_2023.pdf

[djrich49]

thank you.  great document - I did not get one like that from fidelity

[VolvoGirl]

You probably have to find it online at Fidelity.  Everything is going online these days.  

[VolvoGirl]

Here's one I found for Fidelity 2022.
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/taxes/Revised-GSE-(SA-AA)-Letter....

And https://www.fidelity.com/tax-information/fidelity-mutual-fund-tax-information

[SteamTrain]

...ANNND...

I don't know about ETFs, but for Mutual Funds, the $$ are reported as a sub-part of the total $$ in box 1a of a 1099-DIV form .   Then you have to calculate yourself, the proper US Govt $$ amount based on all your holdings, the $$ reported for each of your holdings from the Consolidated 1099-B Supplemental forms.