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Lacerte and NYS IT-201 line 20

  • 1.  Lacerte and NYS IT-201 line 20

    Posted 03-29-2025 04:16 PM

    I have a client with a 1099-INT with box 8 tax-exempt interest and box 13 bond premium on tax-exempt bond.  When I entered this in Lacerte, it handled the federal correctly (reduced the tax-exempt interest by the amount in box 13) but it added back all of the box 13 amount on line 20 of the IT-201 even though it's all NYS tax-exempt interest and bond premium.  

    In prior years, this did not happen in Lacerte.

    Is this a Lacerte issue or am I missing something? 



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    Mary Sherman
    CPA
    MARY SHERMAN, CPA
    Hicksville NY
    516-433-3734
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