Owl5
Level 2

State tax filing

Hey Dfery -

You're not on the same page: TT handles Treasury bond and Treasury bill interest just fine. That isn't the issue. It's the fact that TT doesn't at present identify *federal agency bond interest*  (like TVA bond interest) as state tax-exempt.

 

So if you have any Treasury bond interest, it *will* appear OK in the Oregon ASC form, but *then* -- if you have *federal agency bond interest*, you will have to override the Treasury bond interest and replace it with the total of your Treasury bond interest + your federal agency bond interest. -- If you *don't* do this, then Oregon will tax you inappropriately on your *federal agency bond interest*.