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Get your taxes done using TurboTax
OK @DJS ..............I think you work with the VA forms.
DO you know if the VA Q&A section has an area to "adjust" (reduce) the VA taxable income for $$ received from US Agencies?
Many states allow taxpayers to exclude dividends/inters from US Agencies (TVA, FHLB etc) that show up as income in box 1 (not box 3) of the 1099-INT form. In order to remove it, some state's software has an area to "Adjust" the state income by entering that US Agency bond interest...... Does the VA software have a usable area in their Q&A?
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 27, 2024
6:33 AM