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