According to Michigan's DOR: "This subtraction must be reduced by related expenses used to arrive at AGI."
The worksheet used for this field says: "From federal Schedule B, Interest and Dividend Income, Interest Income Smart Worksheet, Box 3, US Savings Bond/Treasury Obligations PLUS federal 1099-DIV Worksheet, Box 1a, U.S. Government Interest less related adjustments."
This means the adjustment can related to other bonds or exempt interest dividends.
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