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Entering in percentage of income from a mutual fund that has U.S. government income

I am doing taxes and for my mutual fund supplemental information, I received these pages (See screenshots). So when filing taxes I think I would answer yes to, "Is this a mutual fund that has U.S. Government interest income?" It is asking me to put the amount. I see I have 0.03% in US Treasury and 0.01% in Fed Home Loan. I think I would be adding both together to get 0.04% since I think both use government interest income. Where would I find the amount to enter in though? Would I take 0.04% from the income total amount of my 1099, do I take it directly from the security total of 10,048, or where do I get this amount? I attached two seperate screenshots.

 

Screenshot 2023-03-06 4.04.43 PM.pngScreenshot 2023-03-06 3.41.56 PM.png

 

 

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3 Replies

Entering in percentage of income from a mutual fund that has U.S. government income

The amount due to possible government income is trivial. Just answer “no”. 

Entering in percentage of income from a mutual fund that has U.S. government income

If I answer no, would it not matter? From my understanding, if anything, I would owe a little more in taxes if I put the percentage in because they would be giving me an exempt on that amount correct? I am in CA if that makes a difference. 

Entering in percentage of income from a mutual fund that has U.S. government income

To be tax exempt in California more than half of the assets in the fund have to qualify to be exempt by California. If not, none are tax exempt. 

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