Hi All,
I have TaxAct Estates and Trusts Download version. While completing the fiduciary return for my state, I see that the Treasury Accrued Market Discount is not being subtracted from the federal taxable income. It is removing the interest income earned from Treasury coupon payments, but not the AMD. My experience is that Treasury AMD is treated as state-tax-exempt in my state.
Do any of you have experience dealing with Treasury AMD on this version of TaxAct? This is my first time using this tax prep software.
I have TaxAct Estates and Trusts Download version. While completing the fiduciary return for my state, I see that the Treasury Accrued Market Discount is not being subtracted from the federal taxable income. It is removing the interest income earned from Treasury coupon payments, but not the AMD. My experience is that Treasury AMD is treated as state-tax-exempt in my state.
Do any of you have experience dealing with Treasury AMD on this version of TaxAct? This is my first time using this tax prep software.
Statistics: Posted by Slate — Sun Feb 15, 2026 3:55 pm — Replies 0 — Views 13