For Californians here is a way to subtract the Treasury Accrued Market Discount (AMD) from the CA state taxable income using Turbotax Premier 2023. This mirrors the method my CPA used in 2022.
On Schedule CA, click on Line 8z Column B Other Income Subtractions. You will get a drilldown with a magnifying glass. Click the mag glass. You will get a worksheet, California Other Income Statement. Enter the Treasury AMD as a positive number in a line that has a column B available. Last week it was line 12, this week it is line 32. Feeds through correctly to Schedule CA.
