Federal Review identifies an error in Schedule B – 1099-INT for a Treasure EE bond that matured. I reported the interest in each year the interest was paid. Therefore, in 2023, which is the year the bond matured, I would pay tax on the interest in 2023, not previous years. To follow this methodology, in the Adjustment to Interest section I check box U on the 1099-INT for the Treasury Bond and identify the adjustment amount to be subtracted from what the Treasury reported as interest (box 3).
However, 2023 Turbotax Premier identified this as an error and disallowed an electronic submission of the taxes. I talked with Intuit support and they required I purchase time with their CPA experts to discuss the situation. To submit the tax documents by 4/15/2023 I printed and submitted hard copy.
Any input regarding how I should have processed the return is appreciated.
