In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Interest & Dividends
-Interest on a 1099-INT
At the 1099-INT screen, click that you have more than box 1 on your 1099-INT. When you enter your interest in box 3, at that screen, TT will automatically generate the education interest exclusion interview.
Here's something to consider, for the future:
Room and board are not qualified expenses for the savings bond interest educational exclusion.
Room and board are qualifying expenses for a 529 plan distribution to be tax free,
A 529 plan contribution is a qualified expense for the proceeds of cashing savings bonds. The "rollover" must be done within 60 days and in the same calendar year.
Reference: https://www.savingforcollege.com/article/how-to-rollover-us-savings-bonds-into-a-529-plan
