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Is TT incorrectly calc taxable interest to be reported on CT ST 1040. Query asks for (state) TAXABLE amt but inputs this on CT1040 and subtracts from fed gross.Backwards?
Interest on my federal treasury bonds is non-taxable in CT. TT correctly pulls in total of all interest income from fed form, then asks for taxable amount (in CT State step by step query). It then uses this "taxable" on line 4 of CT1040 (subtractions from fed gross). I think this is backwards, it should be subtracting the NON-taxable amount so the result is only what is taxable in CT. Am I missing something here. Seems like this could be wrong on every state form
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March 24, 2025
7:30 AM