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March 11, 2025
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Amortizable bond premium on NYS income tax return. I believe the inputs are incorrect.

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  • March 11, 2025
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For NYS resident returns, in the interest income section, as it relates to tax exempt interest, i notice that when i enter an amount in amortizable bond premium for tax exempt interest (even for interest that is 100% in state), it is adding the amount back to NYS taxable income. There is a screen below "Non NY amortizable bond premium" which does not add the amount back to NYS taxable income. I believe these are flip flopped.