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Investors & landlords
My wife redeemed paper US Savings Bonds as Agent for her 98 year old mother and had the money deposited directly into her mother's Wells Fargo checking account. Wells Fargo has not provided a 1099-INT and we don't know how to report the interest in Turbotax for her mother's tax return.
When the paper bonds were redeemed, Wells Fargo provided a "redemption statement" that looks like a 3"x6" cash register receipt stating "face value", "Interest", and "Current Value". The statement shows her mother's ID number corresponding to her social security number but there is no other information on it.
How do we enter the interest in her mother's tax return without a 1099-INT? Do we need to go back to Wells Fargo?
March 22, 2022
10:29 AM