I have entered my state-specific exempt interest dividends, but cannot figure out where to enter the "WI Interest from State and Municipal Obligations". As a result, my Smart Worksheet does not have anything on "line a". Only the tax-exempt amount on "line b".
Tried finding a related topic (see below), but this person has the opposite problem. Their "line a" is correct and "line b" is blank.
Where do I enter line a info?
Why is the Wisconsin-specific interest included in Wisconsin state tax form?
by marks818•4•Updated January 05, 2022
On my Wisconsin state form Schedule AD, the State and Municipal Interest is not being reduced by the Wisconsin-specific interest earned. The Smart Worksheet shows the correct number on line a) (Interest earned on Wisconsin state and municipal obligations), but it shows 0 for line b), (Wisconsin state and municipal obligations exempt from both federal and Wisconsin tax), which is the "exempt" amount. How do I reduce the State and Municipal interest by the Wisconsin-specific interest that was earned?
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by marks818
Under the Income section of the Wisconsin state form, TurboTax has this option: "WI Interest from State and Municipal Obligations". This option listed the correct dollar amount in the margin, but did not apply it by reducing the income by that amount. I discovered that one has to click on the Edit button for that option and then type in the amount that is deductible. By default, TurboTax assumes $0 is deductible. Once I entered the correct amount, the income total reduced by that amount.
