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Susan, I have finished both our federal and state returns and I have just one last issue. We have interest from treasury obligations which, of course, are taxable for federal but not for state purposes.
On the federal schedule B, there are 3 amounts related to US treasury obligations. First there is $10,022 (included in the Schwab total of $17,189.) In addition, there are two more amounts on the Schedule B related to US treasury obligations (one for $2,601 and $3,924). In reviewing the state return, the $10,022 is correctly deducted on the Schedule CA line 2 column B, but the other two amounts are not. Shouldn't they be deducted as well? They are interest on U.S. treasury obligations also. Thanks for your help!
‎February 23, 2025
5:56 PM