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SC Handling Interest of Treasury Bill Interest
2022 Federal Return, Interest Income, listed some $11,720 as Dept of Treasury Interest.
South Carolina Department of Revenue Ruling #16-2 lists Treasury Bills and Treasury Notes as deductible.
The $11,720 did not flow over to the SC 1040, "SUBTRACTION FROM FEDERAL TAXABLE INCOME", line "m" as a deduction.
Is this an item that must be manually entered?
May 10, 2023
1:51 PM