Question

How should we calculate capital gains from US obligations?

Forum|Forum|4 years ago
March 13, 2022
2 replies
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Turbotax is asking me to enter capital gains from US obligations

TurboTax Online

Please clarify. Are you being asked to enter capital gains from US obligations on your federal return or on your state return? If state return, what state?

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P

psuAuthor

State return for Maryland.

AmyC

Employee

Mutual fund dividends attributable to interest received by the fund from U.S. government obligations are exempt from Maryland income tax. On your statement from your mutual fund, there should be footnotes, pages, something that tells you the percentage of capital gains from US obligations. You may need to call your broker for the informaton.

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