Cashing savings bonds is
reported on form 1099-INT. Please follow steps below for data entry:
- Federal Taxes
- Wages & Income
-
Interest & Dividends, select Interest
on 1099-INT - be
sure to check the box My
form has info in more than just box 1 (see pic)
Note: If the
bank where you cashed the bonds does not issue the form 1099-INT - in TurboTax - you should report the interest
AS IF you received the form. Use the bank name as the payer and enter the
interest in box 3; no additional reporting is needed.
