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1099-INT Sale of Savings Bond

I received two 1099-INT from my bank because I sold some US Savings Bonds. On the Personal Income Section of my TurboTax it asks me to enter the amount in box 1. I don't have a amount in box 1, only box 3. Do I not enter anything or what. Thanks
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1 Reply
HelenaC
New Member

1099-INT Sale of Savings Bond

To enter your Bond interest:

1.    Log on and continue your return then

2.    Press the TurboTax "Search" button near the top right of your screen

3.    Type 1099-INT into the TurboTax search box

4.    Select "Jump to 1099-int" from the dropdown list of results

5.    If you reach the "Here's the interest we have so far" screen, click "Add interest income"

6.    On the "Let Us Enter Your 1099-INT" screen, scroll down and press "I'll type it in myself"

7.    On the "Let's get the details from your 1099-INT or brokerage statement" screen, be sure to check the checkbox for "My form has info in more than just box 1 (this is uncommon)". See the screenshot below.

8.    You can now add Box 3 interest from your savings bonds.

9.    Continue along with answering the questions in the following screens and pressing "Continue"

10.  If you reach the "Did you cash any Series EE or I U.S. savings bonds?" screen, press "Yes" if you did

11.  On the "Did you use your U.S. savings bonds to pay for higher education expenses?" screen, press "Yes" if you used your savings bonds for educational costs

12.  If you qualify, TurboTax will help you to record your exclusion of savings bond interest for Form 8815 on a series of screens

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