Skip to main content
March 13, 2024
Question

treasury t-bill tax for California

  • March 13, 2024
  • 1 reply
  • 0 views

Hi 

 

My understanding is treasury t-bill purchased from platforms such as Schwab is NOT taxable in California. Am I wrong? If it is not taxable, how do I tell if it is not being taxed on form 540? I have already filed the tax return and would like to double check on this.

 

Turbotax premier added all t-bill income as taxable in California. Hope Turbotax is not mistaken.

 

thanks

David

1 reply

March 14, 2024

False alarm, turbotax indeed took care of this.  Tbill is not taxed in CA filing.