Skip to main content
Level 2
April 2, 2026
Question

Form 8815 Exclude Saving bond interest for a 529 plan rollover - cannot find -I am using turbotax premier download version

  • April 2, 2026
  • 1 reply
  • 104 views

Cannot find the 8815 form.

I am rolling over US Savings Bonds near the end of 2025 Tax year to a 529 plan which was completed prior to the end of the year. Have complied with all the rules.

    1 reply

    AmyC
    Level 15
    April 6, 2026

    Follow these steps:

    1. Go to Federal Taxes > Wages & Income.
    2. Scroll down to Interest and Dividends and click Start/Revisit next to Interest on 1099-INT.
    3. Look for "Let's get your 1099-INT details," 
    4. Look for the checkbox that says "My form has info in more than just box 1 (this is uncommon)".
    5. Enter your interest amount in Box 3 (Interest on U.S. Savings Bonds and Treas. Obligations). Do not put it in Box 1.
    6. Once you click Continue after entering the Box 3 amount, TurboTax will recognize the bond interest and lead you through a series of "uncommon situations" screens.
    7. Keep clicking through until you see the question: "Did you use your bonds to pay for higher education expenses?"
    8. Select Yes. (Note: A 529 plan rollover is technically considered a "qualified education expense" for this purpose).
    9. To get the interest excluded via Form 8815, you must tell the program you "spent" the money on education:
    10. At the "Report educational expenses and benefits" screen, enter the total amount of the rollover (principal + interest) as "Qualified higher educational expenses paid in 2025."
    11. In the field for the institution's name, you can enter the name of your 529 Plan Administrator (e.g., "Vanguard 529 Plan") and their address.
    12. The software will then ask for the "Additional Bond Information" (serial numbers, issue dates, and face values), which is required for Form 8815.

     

    Reminder

    • Income Limits: For 2025, the exclusion begins to phase out if your Modified Adjusted Gross Income (MAGI) exceeds $99,500 ($149,250 if married filing jointly). If you are above these levels, TurboTax may generate the form but show $0 as the excludable amount.
    • Age Requirement: You must have been at least 24 years old before the bonds were issued to qualify for this exclusion
    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"