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April 14, 2023
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State Tax Exempt Interest and Amortized Bond Premium

Related products:Lacerte
  • April 14, 2023
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LC's calculation of CA Tax-Exempt interest differs from the amount input in Form 11 (by 40K and change in my case.)  There should be a way to reconcile them. One part of the issue is ABP. I think there needs to be a worksheet.

 

Also, the proforma amounts for Tax-Exempt interest don't match the input from last year.

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