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Treasury interest not carrying over to state return

my Treasury interest on 1099-INT box 3 shows up on the Schedule B but doesn't transfer to my Michigan return and I can't override the blank line 10.

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5 Replies

Treasury interest not carrying over to state return

Treasury interest is taxed federally but not by the state. 

Treasury interest not carrying over to state return

That is correct.   Line 10 on my state return "Interest earned from Treasuries and when it is populated, it becomes be a reduction to my interest income.  It should have automatically come over from my Federal Return.    Without that, I'm being taxed on all interest including the Treasury interest.

Treasury interest not carrying over to state return

Try deleting the 1099-INT and enter it again. 

Treasury interest not carrying over to state return

interest from US Treasury notes and bills are not taxed by states, (though some assets held by US Treasury such as REPO are taxed by states--details would be provided on a 1099-DIV)

Treasury interest not carrying over to state return

@check-debit-date   

Yeah, but in this case, we are talking about box 3 on a 1099-INT.

 

(hopefully @1yellowdrill  doesn't also have $$ in box 12 that equals box 3, and is thus negating all of box 3)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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