You can duplicate both of these statements if you need additional space.
The interest statement columns are:
Enter the payer and amount in the appropriate column.
+ or - and State adjustment: These columns should be used if the state taxes interest differently from the IRS. Enter a "+" and the amount of interest to add to the state, or enter a "-" and the amount of interest to subtract from the state return. For instance, if the interest is exempt from tax by the IRS (Federal), but the state taxes it, enter a "+" and that amount.
U.S. Exempt: Mark this box if the interest is nontaxable by the Federal government.
Withdrawal penalty: If there is a withdrawal penalty on the interest, enter the penalty amount here.
Federal Withholding: Enter the amount of any Federal withholding here.
This information applies to all years of the UltimateTax software.
