Yeah that's fair. In the case of NJ, the state treats all income – wages, interest, capital gains, etc – equivalently from a taxation standpoint, so in that sen...
Actually I realize now this is exactly how it's supposed to work.Federal obligations (treasuries) are taxed at the federal level and are tax-exempt at the state...
For those in NY, this official memorandum from 1996https://www.tax.ny.gov/pdf/memos/income/m95_4i.pdf explicitly calls out that the gain on sales of both notes ...
Nope, that doesn't solve the issue. The problem, as seen in your screenshot, is that the Federal amount should be $0, becauseit is already excluded from the int...
