SantinoD, I do not understand your reply. as follows:
SantinoD: US Treasury Interest is exempt from State and Local income taxes.
TD: I know
SantinoD: Double-check that you are not looking at the State K-1.
TD: There is no state K-1.
SantinoD: Yes, US treasury Interest is taxable on the federal side, so you should see it on the Federal K-1
TD: I agree. However, I would think the Trust Federal 1041 K-1 should state its Treasury interest in section 14 Other Information. The Federal 1099 states its Interest on US Savings Bonds and Treasury Obligations. (Box3).
