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Level 1
posted Mar 23, 2021 11:26:09 PM

Capital Gains Dividends & Income from U.S. Government Sources

My state allows reducing dividends by the amount of income from US Government Sources, does that apply to capital gains dividends as well?

 

Thanks

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1 Replies
Level 9
Mar 27, 2021 3:26:58 PM

No - it applies only to dividends from government securities only, NOT to capital gains.