Get your taxes done using TurboTax

The U.S. savings bond redemption is reported as follows:

1. Federal Taxes
2. Wages & Income
3. Interest & Dividends, select Interest on 1099-INT - be sure to check the box My form has info in more than just box 1

Note: If the bank where you cashed the bonds does not issue the form 1099-INT - in TurboTax - you should report the interest AS IF you received the form. Use the bank name as the payer and enter the interest in box 3; no additional reporting is need.

The estimated taxes paid (federal, state and local) data entry is as follows:

1. Federal Taxes
2. Deductions & Credits
3. Scroll down to Estimates and Other taxes Paid
4. Select Estimates - enter your payments; any state/local payments are automatically transferred to their respective returns;