Fix treatment of amortizable bond premium on tax-exempt bonds
Currently in 2024 Lacerte, a number entered on screen 11 in "Amortizable bond premium on tax-exempt bonds" flows through as an addition on NY IT-201 line 20, interest on state and local bond obligations (but not those of NYS or its local governments). Therefore, the bond premium on NY tax-exempt (municipal bond) interest is incorrectly being treated as taxable income. An entry in this box should have no impact on the NYS return. (It is currently being handled correctly on the federal return.)
The new "Non New York amortizable bond premium on tax-exempt bonds" currently only seems to impact the NY IT-196. While it is correctly flowing through to IT-196 line 44, an entry in the box should be subtracted from the total municipal bonds on the federal return (1040) tax-exempt interest, as happens with an entry in "amortizable bond premium on tax-exempt bonds". Additionally, this is the box that should be included as an addition on IT-201 line 20 along with any non-NY tax-exempt interest.
