T-Bills are taxable to federal government, but not taxable to the state, how do I report in TurboTax
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To report interest income received -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Under Interest and Dividends
On Interest on 1099-INT, click on the start or update button
To report interest income received -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Under Interest and Dividends
On Interest on 1099-INT, click on the start or update button
Wait for the actual 1099INT to come. It will probably be in box 3 and not box 1.
Thank you for that
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