Question

Some dividends on 1099-DIV represent interest on Treasury obligations. How do I report them so they are subtracted from income on my Maryland return?

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Employee

1) Edit your 1099-DIV form

2) Double-check that all numbers are correct on the main form, and "continue" to the next page.

3) A page with checkboxes.....check the box for "A portion of these dividends is U.S. Government interest"....then Continue to the next page.

4) Put the $$ amount that was from US Govt bonds in the box and continue thru the rest of the questions.

That should take care of it. (barring any MD software bugs)

____________*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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