Interest income addition for NC state taxes

Forum|Forum|5 years ago
February 28, 2021
4 replies
31 views

Hello,

The amount of this addition for NC is showing the entire federal tax exempt interest amount. I need this to be excluding the interest from NC municipal bonds. I made the necessary change in the 1099-INT but it is not reflecting in the NC D-400 Schedule S. Need to fix this. Please help.

KathrynG3

Level 14

Yes, you are correct. Only interest from other states besides North Carolina need to be added on Line 1 of Schedule S. When I tested this, the North Carolina Tax-Exempt Interest did not carry to Line 1.

Things to try to update your tax return:

Close your program and the browser completely. Re-open using a Chrome incognito window.
Delete and re-enter Form 1099-INT
Delete North Carolina and re-add it

Both options can be done from within the regular interview screens by clicking on the Trash Can Icon to delete the Form.

See North Carolina D-400 Instructions, Schedule S, Line 1 beginning on page 17.

NGV1Author

Level 2

I need further help. I looked for the Trash can icon and I can't find it. Hence I am not able to delete any form.

Thank you!

SteamTrain

Level 15

Trash Can is in the "Online" version...you said you are using the Desktop/download version...there's just a Delete button.

Go into the 1099-INT section on the Wages&Income page, and hit the delete button next to your problematic 1099-INT in the table of 1099-INT forms.

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____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

NGV1Author

Level 2

Thank you for the quick response! I have the downloaded version so can't do the incognito Chrome option. I will try re-doing the North Carolina return first. Else, I will re-do the 1099-INT.