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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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Taxable Municipal Interest
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ervall
Level 1
04-11-2023
11:45 AM
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Massachusetts Municipal Revenue Bonds - the interest is taxable on the Federal return and Tax-exempt on the Massachusetts return. What is the best way to enter this adjustment on the Massachusetts return?
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Intuit_TaxGuy2
Employee
04-14-2023
11:52 AM
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If interest is taxable to federal, but not to MA and assuming this is an individual return, you may adjust interest income on the Massachusetts Interest Income Worksheet. Enter the adjustment amount in the appropriate column and see the Help to find the appropriate code for the "Adj Type".
