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Returning Member
posted Mar 26, 2023 5:19:28 PM

US Obligation interest, 1099-DIV

I have mutual fund and ETFs with US obligation interest, so 1099-DIV.  The Consolidated 1099 has detail for the interest.  However, nowhere will TurboTax let me input the deduction for the State of Indiana.  How do I input this?

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1 Replies
Level 15
Mar 26, 2023 5:46:54 PM

After you enter the information from your 1099-DIV in the federal section, the next screen says "Tell us if any of these uncommon situations apply to you." On that screen, check the box that says "A portion of these dividends is U.S. Government interest." Then, when you click Continue, the next screen will ask you to enter the amount of U.S. Government interest. The amount you enter will be excluded from your state tax return.