Q. How do I enter in I bond interest from withdrawing I bonds for 2024?
A. Enter at the 1099-INT screen. When TurboTax (TT) sees savings bond interest in box 3, it will generate questions about the bond being used for school.
Q. Also can I receive both the AOTC and I bond interest exclusion for education expenses in same year?
A. No. You will have to reduce the amount of the total bond proceeds claimed, for the exclusion, by the amount used for the AOTC (usually $4000). The TT interview will have an entry place for this.