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Level 2
February 21, 2023
Question

Bond premium on tax exempt interest for XX states not flowing to the state return so state out-of-state tax exempt interest is over-stated

  • February 21, 2023
  • 1 reply
  • 8 views

Bond premium on tax exempt interest for XX states not flowing to the state return so state out-of-state tax exempt interest is over-stated.

In prior years (2021 and before), T Bond premium on tax exempt where the entry is coded as XX state has been netted on the domicile state tax return.

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1 reply

Skylane
Intuit Community Champion
February 22, 2023

Are you using the worksheet by double clicking on Sch B Int? 

Total  Exempt INT goes in Box 8

Allocate the Exempt interest between resident state & others below

If at first you don’t succeed…..find a workaround