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March 30, 2025
Question

Interest Income Different from Federal vs. State

  • March 30, 2025
  • 1 reply
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Hello! I'm running into an issue where part of interest income is not applicable to the state of Maryland. For example, the 1099 has total interest income of $10,000 and the portion taxable to Maryland is $7000. When I enter this in Turbotax, it takes whole $10,000 instead of $3000. I'm using the Mac desktop version of Turbotax.

    1 reply

    AmyC
    Employee
    April 5, 2025

    Since you are using the desktop version, switch over to forms mode and correct the amount. Do an override if necessary. Then, switch back to step by step and go through that section again. The program should pick up your change and correct itself.

    Then, if you had to do an override, you can go back to forms mode and cancel the override.

     

    I believe you understand the entry and exclusion in the federal section.

     

     

     

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