Josephine1
Level 1

hi - how to I indicate the t-bill interest is state tax exempt, thanks

 

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PhoebeRoberts
Level 11
Level 11

Ugh, that's the worst. What I do is manually go into the 1099-INT screen for that same payor, decrease the regular interest by the market discount amount, increase treasury interest by the market discount amount, and make a bunch of notes.