2003609
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

NGV1
Returning Member

Interest income addition for NC state taxes

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
KathrynG3
Expert Alumni

Interest income addition for NC state taxes

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.

 

 

NGV1
Returning Member

Interest income addition for NC state taxes

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.

NGV1
Returning Member

Interest income addition for NC state taxes

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!

 

 

Interest income addition for NC state taxes

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. 

 

______________________________________________

 

1099INT_Delete.png

 

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question