DetroitRick
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Sorry, but this is wrong. Accrued market discount is excludable from Michigan income. See Michigan Administrative Bulletin 2020-22. The fact that this discount ...
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I've had the same problem, both in filing 2023 and 2024. Accrued market discount on Treasury notes - exclusion from Michigan income. My broker is reporting corr...
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All brokers offer a choice on treatment of discounts for Treasury Notes and Bonds, at least the one's that I am familiar with. Schwab, for example, defaults to ...
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Clearly states have different rules on this subject. They are different.My state, Michigan, like the poster's does not tax accrued market discount on Treasuries...
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Yes. Having exact same issue, everything you said. Except Notes vs. Bills. My 1099B is from Schwab, but like yours it reports the Accrued Market Discount as a 1...
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