chrisg0621
Returning Member

Virginia Subtraction for Accrued Interest on Treasury Note

Hello. I have Accrued Market Discount Interest on Treasury Notes held for over a year.  This is treated as taxable Interest for Federal tax purposes.  Virginia allows a Subtraction from AGI for government interest and dividends however TurboTax is not carrying the interest over to the Virginia Form 760 as a subtraction.  Help appreciated.

ChrisG0621