Yes. TurboTax will ask you to break them up and enter the face value of paper EE bonds issued after 1989 purchased at a discount and the face value of Series I Bonds and electronic series EE Bonds purchased at full face value.
If you cashed series EE or I U.S. savings bonds in 2020 that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds
You can take the exclusion if all four of the following apply.
1. You cashed qualified U.S. savings bonds in 2020 that were issued after 1989.
2. You paid qualified higher education expenses in 2020 for yourself, your spouse, or your dependents.
3. Your filing status is any status except married filing separately.
4. Your modified adjusted gross income (AGI) is less than: $97,350 if single, head of household, or qualifying widow(er); $153,550 if married filing jointly. See the instructions for line 9 to figure your modified AGI.
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