Why didn't the state form pick up the tax free distribution as had happened on my previous professionally prepared returns? Instead, the distribution become "additional CA income" thereby taxable. Please help me correct this problem.
IF they were actually CA individual bonds you owned, then they could be CA-non-taxed.
BUT
......for Mutual Funds, the Fund must hold at least 50% of it's assets as CA bonds before you can get any of it released from CA taxation.
Now..if you are sure that the bond fund you own does meet that CA-restriction, then post back and I'll show you how to do it.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
