VMFXX 1099-DIV
Can someone confirm I'm doing this right?
I have money parked in VMFXX (Vanguard Federal Money Market Fund), and my 1099-DIV from Vanguard shows total ordinary dividends of $2097.49 (all nonqualified dividends from the money market fund).
In FreeTaxUSA, I'm assuming I answer "yes" to the question "Is this a mutual fund that has U.S. Government interest income?" To answer the follow-up question "You've told us that this mutual fund has U.S. Government interest income. This income is not taxed by states. Enter the amount of your $2,097 of ordinary dividends that are from U.S. Government interest:" I'm assuming I use the value of 59.87% I found in the table in the document at the link below and multiply that by $2097 to get the amount to enter of $1255 (rounded down).
https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/USGO_012025.pdf
Best Answer
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Yes, this is the correct way.
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Answers
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Great, thanks!
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