Skip to main content
Level 4
September 10, 2024

Is accrued market discount on redemption of US Treasury notes taxable in Iowa?

  • September 10, 2024
  • 0 replies
  • 6 views

Is the accrued market discount recognized for tax purposes on schedule B after showing an adjustment to the gain on the form 8949 tax exempt from Iowa as interest on US Treasury notes? If so how do I enter it on the Iowa return?