I received a 1099-INT from the banking institution where my spouse and I cashed in mature EE bonds in 2019.
The interest on those bonds has been paid on a yearly basis since they were purchased in 1989--reported in our tax filings accordingly--and as such needs to be adjusted.
Following the advice found for similar issues in this forum question and this one, I selected I need to adjust the taxable amount and then This savings bond interest was previously reported. However, TurboTax gave me an error during the SmartCheck saying that this interest "cannot be previously reported interest since this is regular interest."
Can someone advise how to eliminate this error while still accounting for the previously paid interest? Or, should I simply ignore the error and move forward with the filing?
