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February 15, 2024
Question

Accrued Market Discount subtraction on IL state taxes

  • February 15, 2024
  • 1 reply
  • 0 views

Hi, I see TurboTax has added US Treasuries Accrued Market Discount on Schedule B part 1 Interest for Federal tax 2023. However, part of it is not showing on IL state Income tax return as subtraction.  How do I get this added on my state tax to get as exempt from income?

    1 reply

    CatinaT1
    February 22, 2024

    Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem?

     

    Make sure you have ran all updates. 

     

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