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How do I exempt state interest on Form 1099-INT in a 1040 return in SureFire (2016)?

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To exempt state interest, do the following;

Go to Form1040, line 8a.

Select thejump to Schedule B.

From line b - Other Interest, jump to the Interest Statement.

On the Interest Statement, in the State Adjust column, enter a - sign.

Enter the amount to be state exempt.

 

Notes

 

Use the "state adjust"" columns only if you are preparing a full-year resident state return for this client. Do not use the ""state adjust"" columns for part-year or nonresident state returns. The Massachusetts or Tennessee state programs do not use the state adjust columns as described here. See the help for those state programs for other instructions.

 

These columns affect ONLY the full-year resident state return. Use them to do the following:

 

Subtract income that is taxable on the federal return but exempt on the state return; for example

Tags: federal,form