How to report interests from treasure bills and notes for NY state exemption?
I have interest income from treasure bills and notes that is taxable income for federal income tax, but is exempted from NY state income tax. Where can I adjust this interest income in the Turbotax NY state tax return software? Thanks.
02852
2 Replies
AmyC
Expert Alumni
Apr 1, 2025 4:20:26 PM
You adjust it in the federal section right after you enter the income. Both the 1099-DIV and INT have a screen for uncommon situations and you need to select an adjustment needs to be made or a portion is US Government interest.