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puravidapto
Level 7
June 10, 2023
Discussion ongoing

Differentiate 1 dollar and 100% in In-state municipal bonds (percentage or amount)

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  • June 10, 2023
  • 4 replies
  • 5 views

I have $35  In-state municipal bonds (exempt interest), of which the state (CA) amount is $1. In the " In-state municipal bonds (percentage or amount)", I entered 1, the program treated as 100%, i.e. 35.

The workaround is to enter 0.02857, but this is too cumbersome. 

There are two ways to solve the problem. One is to make dollar amount and percentage as two fields, and the other is to use number as dollar amount, and number with % sign as a percentage, for example, 1 for 1 dollar and 100% for one hundred percent. 

This topic has been closed for replies.

4 replies

George4Tacks
Level 15
June 10, 2023

If you are referring to a mutual fund, then is the percentage is less than 50%, you can use the wonderful -1 to indicate zero. https://www.ftb.ca.gov/forms/2017/17_1001.pdf 

Answers are easy. Questions are hard!
BobKamman
Level 15
June 10, 2023

Is this a Lacerte problem?  If the number is big enough to worry about -- usually it isn't -- I just make two entries for the same fund.  One for in-state (plus, of course, Puerto Rico and Virgin Islands); the other for out-of-state.  Then I bill the client for an extra ten seconds.  At least the first year, because it will rollover to the following one.  

sjrcpa
Level 15
June 12, 2023

Can you enter 1.01 to get $1?

Bob's solution works.

IMHO, fussing around to get $1 in state interest is not worth the time.

The more I know the more I don’t know.
July 15, 2023

Thanks for the idea to Differentiate 1 dollar and 100% in In-state municipal bonds (percentage or amount). We are changing the status to "Open for voting" since it has been around for over 30 days and no longer considered "New".

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