Form CT-1041, Page 2 adjustments

Form CT-1041, Schedule A calculates adjustments for state purposes.

  • Tax exempt income and US income are broken out between US interest, US Dividends, Tax Exempt interest and Tax Exempt Dividends.
  • You should enter gains or losses on the sale of Connecticut bonds as a capital gain/loss on the federal level.
  • The calculation for Schedule A, tax exempt interest and dividends can be found on the Connecticut Exempt Income and Expense Worksheet in the Expense folder of Form view. 

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