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Level 2
March 8, 2021
Question

tax status of interest on NH tax form

  • March 8, 2021
  • 3 replies
  • 31 views

interest on federal tax  got transferred not taxable on NH tax form and they are looking or a Reason Code which there is none because the interest in not exempt.

    3 replies

    LenaH
    Alumni - Expert
    Alumni - Expert
    March 8, 2021

    If this interest is taxable in New Hampshire, please make sure there is no checkmark in the box for My state (ME, MD, MA, NH, NJ, TN or WV) doesn't tax all of this interest. I have attached a screenshot for additional guidance below.

     

    To uncheck this box, please follow the instructions below:

    1. Open your tax return in TurboTax.
    2. Search for 1099-INT with the magnifying glass tool on the top of the page.
    3. Select the Jump to 1099-INT in the search results to go directly to the section to report your interest income.
    4. Click Edit next to your 1099-INT.
    5. Click Continue.
    6. Uncheck the box for My state (ME, MD, MA, NH, NJ, TN or WV) doesn't tax all of this interest on the page Do any of these uncommon situations apply? 
    7. Click continue. 

     

     

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    brcode605Author
    Level 2
    March 9, 2021

    I have followed these steps and cannot find (My state (ME, MD, MA, NH, NJ, TN or WV) doesn't tax) box

     

    Open your tax return in TurboTax. Search for 1099-INT with the magnifying glass tool on the top of the page. Select the Jump to 1099-INT in the search results to go directly to the section to report your interest income. Click Edit next to your 1099-INT. Click Continue. Uncheck the box for My state (ME, MD, MA, NH, NJ, TN or WV) doesn't tax all of this interest on the page Do any of these uncommon situations apply?  Click continue. +

     

    My NH tax forms show all the interest as tax exempt.

    What am I doing wrong?

     

    **bleep** Edwards

    AmyC
    Alumni - Intuit
    March 9, 2021

    Please review the 1099-int entry itself. Perhaps the interest went into box 3 instead of box 1 for the entry. That would create your experience.

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