- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Backing out Agency Bond Interest collected (Farmer MAC, FHLMC, etc) for NJ Sate Taxes
I am trying to figure out how to back out interest received on Agency securities from NJ Taxes. Agency bonds are taxable at the federal level but are exempt from taxes in NJ.
1099-Int forms do not break out Agency interest and hence they get lumped together and appear as taxable under NJ state tax. Is there any way to adjust NJ taxes other than brut force going into the Interest Worksheet and entering it by hand?
‎February 28, 2024
3:43 PM