Tax Exempt Interest

You can enter tax-exempt interest for state purposes on the federal
B&D
screen in the Income folder. Open the
Interest income
statement and enter information in the following columns.
  • Payer
  • Tax Exempt Amount
  • In-State Muni % - Enter
    %
    in this column to indicate the portion of the amount entered in the Tax Exempt Amount column, if any, that is nontaxable to the integrated state.
  • State = XX
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