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How is California Tax Exempt interest calculated? Seems incorrect (too high)
I'm confused with the number TT is giving me for CA Tax Exempt Interest. It seems too high (greater than the amount of TE itemized for CA on 1099-int and 1099-oid). The amount for Federal is correct. I can't find on Schedule B how they determine the number used for California.
March 24, 2024
11:54 AM