Does Turbotax allow a MAINE filer to claim US Government Bond interest incl. in fed. AGI? See Maine 1040ME form, Schedule 1S, line 1 (Subtractions).

Forum|Forum|1 year ago
February 6, 2025
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Turbotax does not seem to have a way to claim this income subtraction for Maine filers. Please explain how to claim this.

MAK70

In the federal section of TurboTax, after you enter the 1099-INT, look for the Do any of these uncommon situations apply? You will be able to select Maine bond interest included in federal income.

Income from bonds that originate in Maine is not taxable. Maine Title 35-A, §9407

smaf_myfairpoint_netAuthor

Thanks Mary, But I have gone through the Turbotax program multiple times, from beginning to end, for both state and federal including federal INT and the panel for uncommon situations you cut-and-pasted does not show up. Is there some "back-door" way to get to that panel?. Not sure why it does not show up. I get a longer lists of situations but none with states that do not tax the US Government Bond interest. Any more suggestions? thanks again.

MAK70

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

TurboTax Online:

Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:

Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number (including the dash) that was generated in the response.

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)

@smaf_myfairpoint_net