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Investors & landlords
@richlux @- HOW do you recommend to adjust for accrued interest in the STATE tax inputs for Turbotax desktop (Home and Business) version, though? I cannot find any adjustment option that seems to fit logically in the program.
I think I agree with you that an adjustment to accrued interest on Municipal bonds is likley easier (and less prone to trigger and inquiry) if done on the State Return - rather than by splitting the 1099INTs obtained by brokers into interest types and then entering hem in the Federal Return input (as 1099INT sums might not match with what was reported to the IRS - even cumulatively by rounding...)
@tktt @leviton11 - any suggestions/insights?
March 13, 2025
9:41 AM