Specific private activity bond interest dividends – is this government interest?

[DS30]

Yes - Interest from private activity bonds generally is not taxable, however interest from specified private activity bonds issued after August 7. 1986 must be added to income for AMT purposes

[khadijah334]

Should you count the private activity bon interest on a 1099 as government interest when Turbo Tax asks for gov't interest?

[DS30]

It depends - this is local government income and would not be taxable so just check that if you report it as a government interest that it is not being taxed on your return.