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New York State, IT-201 LIne 2, Taxable Income, not subtracting out US treasury income from Federal. Where do I enter the tax except interest so it doesn't tax me? Thanks
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The interest income on U.S. government bonds is subtracted on Line 28 of your IT-201. Although it may look like it is being included in your taxable income, it is also being deducted on the later part of the form.
my line 28 was prepopulated. do you know where/how turbotax prepopulated the line? where did it get that info from? tx
When you entered your 1099- INT, you told the program you had US interest in box 3. You may have also selected to adjust the amounts for other boxes while in the federal section.
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