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Investors & landlords
You are correct, you can report the interest to date on your current year tax return. After that, you need to continue reporting it each year going forward. You woud report all of the interest earned up to the last date of the current tax year in TurboTax as follows:
- Choose the Federal option on your left menu bar
- Choose Wages & Income
- Find Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) in the list of income items
- Choose Interest on 1099-INT
- Enter the interest in box 3 Savings bonds and treasury int
You can learn more from this article: Interest on US Savings Bonds
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‎February 23, 2023
4:01 PM
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