elmurdock
New Member

Need to Amend Federal return for error to Savings Bond Interest

I have a 1099-INT for cashing Series EE Savings Bonds.  When completing my income section, I entered the amount of the interest  (2891.64) in Box 1 and Box 3.  Think I was only supposed to enter in Box 3.  E-Filed the return, then in sight checking my Schedule B, the amount showed up double the amount of the actual interest I received (5,782).  I'm guessing it added Box 1 and Box 3.   I have started the Amend process.  I entered the 2891.64 amount in Box 3.  But, it reduces the AGI by 5,782.  Also shows $0 for the interest at this bank.   It shows an additional refund of 1,499.   I expected the AGI to only be reduced by $2,891.64.  My original return was accepted and we have received our refund.  I thought the IRS would catch my error, if they had the information from the Bank and up our refund.  But that wasn't the case.  Any help would really be appreciated.