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NY Non-Resident Allocation
I am a GA resident who has NY State non-resident income. Under "NY Additions Allocation," "Changes to Federal Income, Non-resident and Part year Resident Adjustment Allocations" TurboTax lists "Interest Income on State or Local Bonds" -$3946. I have not idea where it comes up with this number. Probably some percentage of bond fund investments. Similarly, under "NY Subtraction Allocation" it lists $432. Do I minimize the impact of both of these for the NY allocation ("0" for the $3946, and the entire $432 for this subtraction)?
March 21, 2020
7:44 AM