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Get your taxes done using TurboTax
Not referring to US Treasury Bonds/Notes or Savings bonds that are in box 3 of a 1099-INT.....But, US "Agency" $$ , like TVA Bonds, show up in box 1 of the 1099-INT, and there is no way in the Federal section to indicate what part of box 1 $$ are from one of those separate US Agencies.
The software does have a way to indicate any US Govt interest that is part of box 1a of a 1099-DIV form...and any box 3 of the 1099-INT....those $$ are transferred automatically to the appropriate spot in the state forms.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 27, 2024
7:02 AM