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Get your taxes done using TurboTax
$$ in box 3 from Treasury bonds get removed automatically...the software knows what to do with those $$
Fed Agency $$ in box 1 though?? Like TVA bonds or Fed Home loan bank?
Someone with knowledge of the CA software might know if there's a spot in the CA interview to take those $$ out. (For my NC software, I have to use Forms Mode with the desktop software to remove those $$ from state...but so far I've just ignored the "Agency" $$)
@ee-ea or @macuser_22 do you know how to remove Federal "Agency" $$ (showing in box 1 of a 1099-INT) from CA taxable income...somewhere in the CA interview?
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 16, 2024
1:46 PM