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CT Income adjustments

One of my mutual funds reported  approx 25% of income reported was derived from U.S. obligations .... But the fund assets are  not invested in over 50% of U.S. obligations  ....  Can I still make an adjustment ( deduction) to my CT income for the value of the 25% .... Thank You ...  Tony

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2 Replies
AmyC
Employee Tax Expert

CT Income adjustments

Each state has its own rules and CT requires at least 50% of the funds assets be invested in US government obligation. Your fund at 25% fails the test so you cannot make any adjustment.

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CT Income adjustments

Thank You Amy.. I appreciate the input and  the help...   I read some conflicting statement on google- thus the  question... Thank You Again .. Tony

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