Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 31, 2019 10:33:26 PM

I have a 1099-INT from a savings bond I redeemed. Where do I record it?

0 3 1118
3 Replies
New Member
May 31, 2019 10:33:27 PM

Enter your 1099-INT here:

Federal Taxes > Income & Expenses > Interest and Dividends, Show More > Interest on 1099-INT

New Member
Feb 4, 2020 11:12:18 PM

I received a 2019 tax statement from my bank from when i cashed my savings bonds people gave me when i was a baby, a 1099-INT and but there is no information on the statement that trubotax is asking for. example: Payers Name,  box-, box-2, box-3 etc. 

Expert Alumni
Feb 5, 2020 10:29:47 AM

As my colleague MargaretL responded to a similar question:

 

The U.S. savings bond redemption is reported as follows:

  1. Federal Taxes
  2. Wages & Income
  3. Interest & Dividends, select Interest on 1099-INT - be sure to check the box My form has info in more than just box 1

 

Note: If the bank where you cashed the bonds does not issue the form 1099-INT - in TurboTax - you should report the interest AS IF you received the form. Use the bank name as the payer and enter the interest in box 3; no additional reporting is need.