I'll poll someone with NJ tax forms.
@rjs
I think you work with NJ forms. Do you know of the NJ section of the interview has a spot to remove US Agency $$ from NJ income. (FHLB, TVA bonds etc taht are included in box 1 of a q0990-INT)
Some states have an "adjustment" Q&A section.
Might need to check to see if NJ actually exempts those $$...I know my NC does not exempt Ginnie Mae, Fannie Mae, Freddie MAC (FHLMC in question above)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
