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State tax filing
But that is the whole point. I own US treasury securities AND federal agency FFCB and FHLB bonds. Both are exempt from MN tax. But brokers always only include the UST interest in Line 3, while they report the FFCB and FHLB interest in Line 1, so there needs to be a method in Turbotax to deduct this additional exempt interest in MN without using the over ride. I'm therefore assuming there is no method in TT per your answer and will use the override unless you advise another way. I DO NOT want to change the input on the federal side by altering amounts in Line 1 and Line 3 of the 1099. That sounds like a big audit flag to me.
March 17, 2024
8:19 PM