If you’re the beneficiary of a savings bond where a portion of the accrued interest was previously reported as income, an adjustment to the savings bond interest reported on the 1099-INT to reflect only your taxable portion. Here's how:
- Open or continue your return.
- Select Federal from the left menu, then Wages & Income.
- Scroll down to Investments and Savings and select Revisit next to Interest on 1099-INT.
- Answer Yes on the next screen, then follow the instructions to enter the info from your 1099-INT, Continue
- On the screen Do any of these uncommon situations apply? check the box next to I need to adjust the interest reported on my form.
- On the next screen, enter the Adjustment amount in the box provided
- Under Reason for adjustment, select This savings bond interest was previously reported.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
