Thread: Taxes
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Old 10-02-2023, 12:21 PM
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rjm1cc rjm1cc is offline
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I have use Turbo tax and you should be able to do your own taxes. Use the interview option and Turbo tax will take you through all the questions. However you may not understand a question and answer it wrong so always watch the total tax due window and see if it goes up or down for each entry. US gov income is taxable for the Fed Gov. The 1099 you receive will tell you taxable and non taxable income. Thus when you enter it your tax due will increase. You could also email Vanguard and ask if the income is taxable for Federal. On the state level you could have interest income that is not subject to state income taxes.