Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mehranariani
Level 2

1099-DIV government percentage

In my 1099-DIV the following have been supplied:

% of dividends from U.S. government securities:  5.47
% of fund held in U.S. Government securities at December 31, 2018:    3.37
Were U.S Government securities at least 50% of holdings at each quarter end: No

How do I calculate based on these what number i should place in TurboTax : Enter Government interest

1 Best answer

Accepted Solutions
dogongulf
Level 3

1099-DIV government percentage

Take the ordinary dividend from box 1a. Multiply that number by 0.0547 (5.47%) and enter it into TurboTax where it asks for Income From Government Backed Securities. In short, use the % of dividends not the % of funds.

View solution in original post

1 Reply
dogongulf
Level 3

1099-DIV government percentage

Take the ordinary dividend from box 1a. Multiply that number by 0.0547 (5.47%) and enter it into TurboTax where it asks for Income From Government Backed Securities. In short, use the % of dividends not the % of funds.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v