Connecticut requires you to add back interest income earned from other state municipal bonds. The adjustment is to add back the Federal tax exempt interest without the reductions for the bond premium amortization. The adjustment amount on ProSeries incorrectly adds back the interest net of bond premium amortization even though the data is entered D4 on the interest.earned detail when on the additional interest earned worksheet.. How have others handled this issue? Is ProSeries amending the calculation?
This discussion has been locked. No new contributions can be made. You may start a new discussion here