I wanted to get head start on how to fill out state taxes when it is time.
How to input correct information using 1099 form to make sure state taxes are file correctly? FWIW, Vanguard brokerage example works.
> Say, US treasury income generated from US Treasury ETF are 100% US treasury but does 1099 would capture that in box 3 of 1099 INT?
If not, how would one adjust it to deduct income in state tax? How to confirm one does it correctly?
> Say, US treasury income generated from VUSXX (money market) could be 80-90% US treasury and how does 1099 would capture in box 3 of 1099 INT?
If not, how would one adjust it to deduct income in state tax? How to confirm one does it correctly?
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How to input correct information using 1099 form to make sure state taxes are file correctly? FWIW, Vanguard brokerage example works.
> Say, US treasury income generated from US Treasury ETF are 100% US treasury but does 1099 would capture that in box 3 of 1099 INT?
If not, how would one adjust it to deduct income in state tax? How to confirm one does it correctly?
> Say, US treasury income generated from VUSXX (money market) could be 80-90% US treasury and how does 1099 would capture in box 3 of 1099 INT?
If not, how would one adjust it to deduct income in state tax? How to confirm one does it correctly?
Statistics: Posted by sherwood88 — Tue Jan 09, 2024 1:28 pm — Replies 6 — Views 365