Maryland Caputal Gains frim US Obligations

[JacksonKu]

In the Maryland State return, Turbotax wants to know what portion of the capital gains reported in the Federal return is from US obligations. The 1099-DIV from Vanguard reports % of income from US obligations but not % of capital gains. I called Vanguard but they didn't know how to determine % of capital gains from US obligations.  What should I do? ShouId I use the income % for capital gains too?

[baldietax]

not a CPA/Expert or familiar with MD state taxes but I think it depends on what capital gains you reported and what funds/bonds generated them.  MM funds with the high % of US Gov Obligations tend not to generate capital gains you get the income through the dividend, so I don't think those %s apply here.  A better example would be a Treasury Note you bought and sold before maturity that would generate some capital gain/loss.

[JacksonKu]

The mutual fund in question is a blend of stock and bond mutual funds. There is no way if knowing which funds are generating the capital gains. 

[SusanY1]

In this case, the safe answer is to list that none of the capital gains are from US obligations since you have no way to properly determine what, if any, gains are attributed to them.