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.

MD interest subtraction question- Turbotax treating bank interest like tax exempt treasury interest

Turbotax is treating ordinary bank interest like US treasury interest and automatically deducting it from income with no way for me to correct it. 

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.

1 Reply

MD interest subtraction question- Turbotax treating bank interest like tax exempt treasury interest

Go back to federal side where you entered it.   I would delete that 1099 and enter it again manually.   That usually fixes it especially if you imported it.   Be careful NOT to enter anything in box 3 unless it’s on your actual 1099 form.   Box 3 tells it that it is treasury interest and not taxable in state.

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