You got a form 1099-INT for the savings bond interest.
In TurboTax (TT), enter the 1099-INT at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Interest & Dividends
-Interest on a 1099-INT
Check the box that says you have more than box 1interest.
The savings bond interest is in box 3. That will cause TT to generate the education interview. When prompted for the educational expenses, you enter the amount of the bonds (not just the interest) that you rolled over to the 529 plans. For the purpose of the savings bond interest exclusion, 529 plan contributions qualify as education. Do not enter other expenses like tuition, room & board or loan payments, that comes later in the 1099-Q interview (and/or the 1098-T interview, for some people).
