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sbrener-eppsbren
Level 2
March 12, 2024
Question

us government money market

  • March 12, 2024
  • 1 reply
  • 4 views

I have a US government money market fund.  30% is treasuries and agency debt.  How do i input this on protax connect.  On the 1099 it is reported as regular interest.  Do I ignore the 1099 and input 70% as regular interest and 30% as trasuries?

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    1 reply

    sjrcpa
    sjrcpa
    Level 15
    March 12, 2024

    The percent of Treasury holdings does not necessarily equal the percent of Treasury income. The fund should provide that info. Go to their website and look for Tax Center or similar.

    Do you really have a 1099-INT or  is it a 1099-DIV?

    The more I know the more I don’t know.
      S
      sbrener-eppsbrenAuthor
      Level 2
      March 12, 2024

      Thank you.  Its a dividend and treasuries are 24% of the income.  So how would that be input?

        sjrcpa
        sjrcpa
        Level 15
        March 12, 2024

        I don't use ProConnect but if you expand your dividend input screen there'll be a place where you can enter the % that is US Obligations or the dollar amount.

        The more I know the more I don’t know.
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