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Level 1
posted Apr 6, 2023 10:42:12 AM

Reporting of US Treasury bill interest on Federal and Virginia returns

TurboTax does not import the interest income from US Treasury bills. I am fine with that and I am including interest income from US Treasury bills manually on TurboTax. However, Virginia State does allow exemption for interest on US treasury bills. How do I report exclusion on Virginia State return? 

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1 Replies
Level 15
Apr 6, 2023 10:44:37 AM

Where are you entering it?  Did you get a 1099Int?  It should be in box 3 (not box 1) and will be automatically subtracted from the state return.