turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Schwab U.S. Treasury Money Fund. - SNSXX

Hello 

 

First time dealing with a treasure money market fund. It is supposed to be CA state-free tax fund. However, when the amounts are added in TT H&B 2023 Desktop version, it increases the state owned tax.

How I do enter it correctly? 
It seems the fund is Schwab U.S. Treasury Money Fund is 99.61% free of CA state tax. 

 

This is what I am doing:
- Enter the amount of 1099-Div 1a (this is the sum of non-qualified + qualified div)
- Enter the amount of 1099-Div 1b (qualified div)
- Select "a portion of these Dividends is U.S Government Interest"

If the non-qualified div from SNSXX is $1000, What number do I enter here?
Or should the process be different?
 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

Schwab U.S. Treasury Money Fund. - SNSXX

Reading the form you posted, it says enter Box 1a ordinary dividends times the percentage listed equals the state exemption.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies