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Get your taxes done using TurboTax
Hello Mike9241,
Thanks for your response.
The 1099-OID form shows it on line 8, OID on US Treasury obligations and that is how I enter it on TurboTax. I live in California and there is a form called CA(540), California Adjustments. On that form, this OID plus some other Treasury interest are subtracted from the federal income, as is Social Security, which is not taxed by California. But under a section titled "Additional Income from federal Schedule 1", it adds it back on to my state income. This is not on Schedule 1 - it is
all zeros.
It didn't do this on my 2022 taxes (2022 was the first year I had this). Could this be a glitch in TurboTax ?
‎February 28, 2024
8:49 AM