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US Treasury Bond Interest for NC

My 1099-DIV from ETrade consolidated all the DIV including US Treasury Bonds Dividend in Box 1a and 1b.

To my understanding Dividends earned from US Treasury Bonds are not taxed in NC.

Where in TurboTax do I enter these adjustment of US Treasury dividends so that it becomes non-taxable in NC.

Thank you

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Accepted Solutions

US Treasury Bond Interest for NC

You don't deal with it in the NC forms.

 

You Edit the 1099-DIV form in the Federal area, and on a page after the main form, you check a box:

"A portion of these dividends is US Government Interest"

 

...then on the next page is a box to enter the exact $$ amount that was from US Govt bonds.

________________

Worked perfectly for my NC tax return...the US Govt interest was subtracted from NC income.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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2 Replies

US Treasury Bond Interest for NC

You don't deal with it in the NC forms.

 

You Edit the 1099-DIV form in the Federal area, and on a page after the main form, you check a box:

"A portion of these dividends is US Government Interest"

 

...then on the next page is a box to enter the exact $$ amount that was from US Govt bonds.

________________

Worked perfectly for my NC tax return...the US Govt interest was subtracted from NC income.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

US Treasury Bond Interest for NC

Thank you. Appreciate your help, resolved my issue.

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