Hello,
For context, using Premier version as download on my Mac. Live in NJ and work in NY. I was able to assign each state the correct W2 wage info but I am being taxed by both NY and NJ for my interest on savings bonds I redeemed. My understanding was that INT was only taxed by the state you live in rather than both states in this instance. If this is correct, how would I remove it from my NY taxes?
Much appreciated!
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If the interest if from US savings bonds then none of it is taxable on either state return. Make sure you have entered the savings bond interest in Box 3, Form 1099-INT. Once this is completed you should NOT see this interest taxed on either state.
TurboTax will show this appropriately if it is recorded correctly in the federal interview.
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