rickwm
Returning Member

Get your taxes done using TurboTax

I have a slightly different issue.  Using another tax software (not Turbo Tax), I was able to get all the way to the point of E-Filing, and then it wouldn't let me E-File because:

 

"This return cannot be electronically filed because you have a line entry on Schedule B for previously reported bond interest adjustment".

 

This relates to the fact that years ago I switched to an accrual method of interest reporting on my EE Savings bonds, which I purchased in 1992. In Tax Year 2019 I cashed in one of these bonds and received a 1099 from the bank showing all the interest that had accrued since 1992, even though I had already paid taxes on prior years. That's why I needed to make the Schedule B adjustment.  The other software handled this properly and created a proper Schedule B with the wording required by the IRS, but it still would not let me E-File. My question is if I switch to Turbo Tax and enter all the same info, will your software also not allow me to E-File due to this Schedule B issue?