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Deductions & credits
On the screen for the 1099 INT where it asks for uncommon situations, under “I need to adjust the taxable amount” i have entered the total that was provided by the broker in the summary pages for all “taxable accrued interest paid “(I assume if broker provided a grand total that it can be entered as such? Although I’m curious as some of accrued interest paid is on Treasury yet the 1099 supplemental has listed all in the “taxable accrued interest paid” line and Zero in the “.taxable accrued treasury interest paid” line?
Separate but related, in the interview when I click on my state (MD) doesn’t tax all of this interest, what flows to the Maryland 502SU is incorrect. It’s reducing the box 3 amount when it transfers to the MD form; on ab it is including presumably an adjusted amount from box 1 and 3 from 1099 (probably adjusted for the accrued interest paid from the adjustment box) and then adding them together to put in line ab? It seems you can’t enter an adjustment and also select my state doesn’t tax all of this interest ?