I found an old savings bond. I cashed it at my bank in 2017. The bond had previously been reported lost and cashed. I was billed by and repaid USDT in 2018. What to do?

[topwater15-]

The $25 bond was bought at my birth.  I found it cleaning out my parents home.  I cashed it at my Regions Bank for $173.38 in 2017.  I got notice from USDT on 12/26/2017, that it had been reported lost and had been cashed in previously.  I repaid USDT in Jan. of 2018.  I have and 1099-INT from Regions Bank for 2017 for the amount of $154.63.  Should I include this in my 2017 return?  If yes how do I get the interest amount reversed?

[LisaBr · Accepted solution]

You need to contact the US Treasury to discuss getting a corrected 1099-INT or another form that will negate this 2017 1099-INT.

However, this 1099-INT needs to be reported as income for 2017.  The IRS will receive a copy of this 1099-INT and will expect for the income to be claimed.

Then, you will report the repayment under Less Common Expenses for a credit for your 2018 taxes.

[mjmann80]

It was never sent! 2018 taxes were finished in March 2019.  You never sent it even tho I had paid.

[mjmann80]

They never received it!  You never sent it!  I had printed but got only a partial print.  I had no idea it was never sent as I gave you my fees.

[DoninGA]

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@mjmann80 wrote:

They never received it!  You never sent it!  I had printed but got only a partial print.  I had no idea it was never sent as I gave you my fees.

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Answered here - https://ttlc.intuit.com/community/taxes/discussion/re-help/01/975658#M351858

[mjmann80]

I was on the computerfor more than 2 hours today working with someone and he had to get off.  He suggested I call back.  I tried.  I am getting nowhere.

[mjmann80]

I was told to go to account recovery.  Just found this.  It is case [removed].

[mjmann80]

Where is account recovery?

[DoninGA]

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@mjmann80 wrote:

I was on the computerfor more than 2 hours today working with someone and he had to get off.  He suggested I call back.  I tried.  I am getting nowhere.

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You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large Orange button labeled "Transmit my returns now".

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Print, sign, date and mail the tax return to the IRS.  Include with the mailed return any forms W-2 and 1099 which have taxes withheld.  Go to this IRS website for mailing addresses - https://www.irs.gov/filing/where-to-file-paper-tax-returns-with-or-without-a-payment

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