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Get your taxes done using TurboTax
@dmn1948 Could you please post a link to the IRS clarification you mentioned?
For me, the specific issue is that Line 2a of Schedule 1-A of Form 1040-SR states:
"Enter any income from Puerto Rico that you excluded"
This implies that any tax-free income realized by mutual funds from their investements in Puerto Rico obligations and excluded from income on Line 2a of Form 1040-SR should be included on Line 2a of Schedule 1-A. But TT does not do it.
2 weeks ago