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jorofow
New Member

Why is U.S. Treasury Bill income not transferring to the Colorado return?

I went back and entered the U.S. treasury bill income into Box 3 on the actual form in form view and everything is transferring properly now.  Your interview process for the 1099-INT for U.S. Treasuries is not working properly.  There is no option there for entering amounts that are exempt from Colorado income tax.  Why?

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

Why is U.S. Treasury Bill income not transferring to the Colorado return?

Are you saying that there was no place in the interview to enter the amount from box 3 on your 1099-INT? On the screen where you enter the 1099-INT, you have to check the box that says "My form has info in more than just box 1." Then all the other boxes will appear, including box 3. See the screen shots attached below.

The amount in 1099-INT box 3 is automatically exempt from state tax.

View solution in original post

1 Reply
rjs
Level 15
Level 15

Why is U.S. Treasury Bill income not transferring to the Colorado return?

Are you saying that there was no place in the interview to enter the amount from box 3 on your 1099-INT? On the screen where you enter the 1099-INT, you have to check the box that says "My form has info in more than just box 1." Then all the other boxes will appear, including box 3. See the screen shots attached below.

The amount in 1099-INT box 3 is automatically exempt from state tax.

View solution in original post

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