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Investors & landlords
Yes, entering your carryovers under the Rental Property section should transfer that info to your State return.
You may need to adjust your California income for the portion that is tax-exempt. Return to the State section of TurboTax and go through the interview again. Look for a page asking about California adjustments that has a place for tax-exempt interest. Enter the amount of bond interest that should not be taxed in California.
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March 25, 2022
12:01 PM