Yes..but you need to calculate the exact amount. It is all taken care of in the Federal Personal Taxes section
IF you hold more than one fund, or stocks at the same broker, they indicate all the dividends in boxes 1a and 1b of a 1099-DIV form. So first you need to determine form the broker's Supplemental information sheets what part was form that particular mutual bond fund,,,and then calculate 97.48% of that.
You Edit/Enter the normal 1099-DIV form putting in ALL of the boxes just as the Issuer sent out the 1099-DIV form
.......then "continue" to the next page where you check a box for "A portion of these dividends is US Government interest"
...then "continue" to the next page where you indicate the $$ amount that you calculated as US Bond interest.
...then "continue" thru any remaining pages until you get back to the 1099-DIV table. That will include that amount in line 8 of the NC D-400 SCH S to be subtracted from NC Income
(IF the 1099-DIV had any box 11 interest in it, you will also have to answer a question about what state issued the bonds for the box 11 $$.....for that, a selection of "More than one state" from the end of the list of states, is always acceptable...but that's a different discussion)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
