The DNI Diagnostic lists the Interest Income entered on Screen 15 as Net Income, as it should be.
However, the Interest Income is also listed as a Deduction Not Attributable to One Class of Income.
This nets out the distributable amount as -0-.
This has not been the case in past years. Interest Income has always been a Distributable Item.
Can anyone tell me what I am doing wrong?
Thank you very much!
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Thank you for replying to my question.
Some of the income was entered as taxable bank interest income and some was entered as federally taxable interest income from T-Bills (exempt from state tax).
Yes, all of the interest was entered in Screen 15, and only on Screen 15.