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April 1, 2025
Question

How to report interests from treasure bills and notes for NY state exemption?

  • April 1, 2025
  • 1 reply
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I have interest income from treasure bills and notes that is taxable income for federal income tax, but is exempted from NY state income tax. Where can I adjust this interest income in the Turbotax NY state tax return software? Thanks.

    1 reply

    AmyC
    Employee
    April 1, 2025

    You adjust it in the federal section right after you enter the income. Both the 1099-DIV and INT have a screen for uncommon situations and you need to select an adjustment needs to be made or a portion is US Government interest.

     

    The INT looks like this

     

    The DIV

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    tb_2019Author
    April 2, 2025

    Thank you for the help!