I've already filed. However, I realized that I forgot to enter the Accrued Interest Paid on Purchase adjustment. So now I'm making that modification to file an amended return..
I make the entry for the accrued interest adjustment on a few 1099-INTs and the Federal return updates just fine. The taxable and tax exempt interest entries update and on Schedule B there is the additional line for Accrued Interest and the appropriate negative amount. Wonderful.
However, as the tax (refund) amounts were updating, I noticed it was not for the state for the most part. After all my data entry, I'm comparing the total interest amounts which were previously matching up between Federal and State, and now they no longer are.
Through trial and error and reviewing the 1099-INTs, I narrowed it down that if Box 11 (bond premium) or Box 13 (bond premium on tax exempt bond) is filled in, then the accrued interest adjustment doesn't flow to the state return. If I remove the Box11 and Box 13 entries on the 1099-INTs which have it, then the accrued interest adjustment does flow to the state return as expected and the Federal and State interest totals again match.
Does anyone know a reason why this would happen? Or is it a bug? I believe I have a workaround that should suffice, to create an additional 1099-INT manually for each just with the accrued interest, but it would be nice if TT handled it correctly.
Thanks.
