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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Look at the DNI Diagnostics. Did you possibly input the interest as Tax-Exempt? Was the interest entered in Screen 15?
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.
Hi George4Tacks.
Thanks again for your reply to my post. I've addressed the questions you asked and still do not have an answer. Do you have any additional thoughts?
Thanks again.
BRB
Sorry. I didn't understand your answer to my question. Can you provide any additional information?
Thank you.
Sorry. I didn't understand your answer to my question. Would you please provide any additional comments that might help? Thank you.
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