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E
eldadire
March 18, 2025
Question

How do I make a subtraction adjustment on NY return for accrued market discount on sale of US treasury?

  • March 18, 2025
  • 1 reply
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    1 reply

    AmyC
    AmyC
    March 18, 2025

    Under Investment adjustments, you can exempt income.

     

    New York Tax Treatment of Interest Income on Federal states: The subtraction modification applies only if the fund meets the 50% "U.S. Obligations" asset requirement under section 612(c) (1) of the Tax Law.

     

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