3536467
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.

Turbo tax not subtracting out US Treasury Interest on New York State forms

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

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.

3 Replies
LenaH
Employee Tax Expert

Turbo tax not subtracting out US Treasury Interest on New York State forms

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
drctypea
New Member

Turbo tax not subtracting out US Treasury Interest on New York State forms

my line 28 was prepopulated. do you know where/how turbotax prepopulated the line? where did it get that info from? tx

AmyC
Expert Alumni

Turbo tax not subtracting out US Treasury Interest on New York State forms

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.

@drctypea 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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