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- NYS Tax Exempt Interest Not Flowing Correctly
NYS Tax Exempt Interest Not Flowing Correctly
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jrussell
Level 1
7 hours ago
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In the 2024 edition, the 1099-INT entry has an additional line - Non New York amortizable bond premium on tax-exempt bonds {NY} - under Amortizable bond premium on tax-exempt bonds. So even though I have the Total municipal bonds and In-state municipal bonds as the same number and no entry in on New York amortizable bond premium on tax-exempt bonds {NY}, the amount in Amortizable bond premium on tax-exempt bonds is flowing throuhg to Line 20 in NY additions. The additional line was not there last year and it did not flow through to line 20 as it shouldn't. I talked to Intuit and hey said just take the Amortizable bond premium on tax-exempt bonds number out but that isn't the right way. Anyone else have this issue?
