Thankshbl3973! In other words, you pro-rate the advisory fee that was spent for "taxable" portion of the interest income, right? That actually sounds reasonable...
OK thanks! I thought my question was exactly the same as the original question. The rules for 2018 & 2019 are the same. Anyway, I can start a new thread.
Thanks Dave. But why x$30? The advisory fee is actually a few thousand dollars so it is not a small amount. The ratio of taxable interest to non-taxable interes...
I am reading the instruction but need some help to understand it... It said "if you had expenses related to producing California-taxed income that is not taxabl...