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Where is Interest coming from?
I have one brokerage account that I imported a consolidated 1099 (Div, Int, B) form from. It says there was no interest earned. But the summary for my NJ state tax return says I earned $307 in interest. Where is this coming from? The closest thing to $307 on that 1099 is a value of $306.42 under “Total Market Discount” (1099-B) related to sale of US Treasury bonds. Since NJ does not tax gains from sale of US Treasuries, I don’t understand why this amount is being taken as a taxable amount.
I have not uploaded any other 1099 forms.
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February 11, 2025
8:05 AM