
Get Ca Ftb 540/540a Bk 2014
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The 50% rule for tax exempt interest in California is a specific guideline that allows taxpayers to account for only half of their tax-exempt interest income when calculating state tax obligations. This rule helps to simplify the income reporting process for taxpayers who receive tax-exempt interest. Clarity on this rule can be beneficial while completing your CA FTB 540/540A BK.
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