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Buying a Treasury bill is not a tax event. You do not report the purchase.
Interest on a Treasury bill is subject to federal income tax but not state or local taxes.
Yes, I understand that, but where do I enter the interest earned on the Treasury Bond, (I put it under the other 1099’s and see it was not deducted from that total for the state?
It goes into box 3 of a 1099-INT form.
Create one manually if you have to...as-if the $$ came from the US Treasury (well...they did)
Being in box 3, the $$ are automatically handled by the software to be excluded from state taxation
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