Taxes-by-Rocky
Level 7
02-13-2024
06:48 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@Intuit
Massachusetts Form 2 (trusts), Schedule B, Line 7 "Other Exclusions" is not adjusting for MA tax-exempt interest and dividends as the program has in all prior years (provided you checked the box on "Int Inc Stmt"). Such MA tax-exempt interest and dividends should not be taxable in MA. Please fix the program and release a new Schedule B. [Or advise users that coding income as "MA Tax-Exempt" has no effect on the tax return.] Thanks.