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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.

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2 Replies
AmyC
Employee Tax Expert

How to report interests from treasure bills and notes for NY state exemption?

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.

 

The INT looks like this

 

The DIV

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How to report interests from treasure bills and notes for NY state exemption?

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