Good afternoon!
I see how this works if the government securities income was interest income you received showing up on your 1099-INT. In my case, the government securities income I received was paid to me as dividends, not as interest, so it shows up on 1099-DIV. How do I make sure I am not taxed for the government securities on my Virginia tax return? There must be a question in the Virginia tax interview that I am supposed to answer.
thank you!
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Edit the 1099-DIV again in the Federal area.
On a page AFTER the main form with all its boxes, is a page that asks/says:
"DO these uncommon situations apply?"
You need to check the box for:
"A portion of these dividends is U.S. Government interest"
Then hit the "Continue" and you will enter the $$ amount that was from US Govt. interest/dividends.
That info then transfers to VA appropriately.
Thank you, I appreciate your response.
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