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Level 1
April 12, 2023
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estate k1 us bonds

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  • April 12, 2023
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Please help us to understand why on an estate K1 it indicates that US bonds are a nontaxable state item...yet we have to make a manual entry for it to be subtracted from the income.  

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1 reply

sjrcpa
Level 15
April 12, 2023

Because it is included in federal income and the state starts with federal income.

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