What is the tax treatment of us treasury securities help in a mutual fund or eft

Forum|Forum|2 years ago
December 7, 2023
1 reply
0 views

I can look at their prospectus and get a percentage of holdings by quarter, Can I just multiply this by the interest from the fund? When I get to my state taxes (Michigan) will turbo tax have a place to gather and use this information. I found an answer but it had some california specific informations

TurboTax Online

Best answer by TomD8

If you own your mutual fund/ETF in a taxable account and are paid interest, you will receive a Form 1099-INT at year's end. Interest you receive from U.S. Savings Bonds and Treasury obligations will be reported in Box 3 of that form. Just enter the form into the appropriate section of TurboTax.

https://www.irs.gov/pub/irs-pdf/f1099int.pdf

TomD8Answer

Employee

https://www.irs.gov/pub/irs-pdf/f1099int.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

djrich49Author

Thank you. Unfortunately the consolidated 1099-int i get reports 0 in box 3. but I can estimate it based on the funds' prospecti

VolvoGirl

Employee

Yes you have to figure out any US Govt Obligations dividends yourself. When you get the 1099 from the mutual fund company there should be a sheet giving the state percentages for each fund. But last year for 2022 Vanguard didn't include the sheet and I had to get it online from their website. You get the percent and multiply it by your dividend. Here's a sheet I made for Vanguard.