You'll need to sign in or create an account to connect with an expert.
TurboTax (TT) will handle that automatically when you put the interest in box 3 at the 1099-INT screen. TT will put it on the appropriate line on your state's tax form
TurboTax (TT) will handle that automatically when you put the interest in box 3 at the 1099-INT screen. TT will put it on the appropriate line on your state's tax form
I have interest income from treasury bonds (listed in box 3 on 1099-INT). I've entered the amount in box 3 but Turbo Tax didn't exclude this interest from my income on my state return. How do I get it to correct the state return?
Please clarify your question. What state are you filing?
I'm filing in Michigan.
I figured out that TurboTax was doing the right thing but it didn't look like it. When I got all the way to the end to review my tax forms before submitting them, the Michigan forms in the packet included a blank Schedule 1 (Additions & Subtractions to Income). I thought that meant that the bond income info wasn't entered properly on the state forms. Then I finally scrolled past the blank Schedule 1 and found a Schedule 1 that was properly filled out. Whew!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dpilot
New Member
ibrahimtorunergil
New Member
cherrybomb56528
New Member
pagoji123
New Member
budcrawford
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.