I have multiple I Savings Bonds that I cashed out this year. Can I add up all the interest and report it in a single input or do I have to input individual bonds separately?

[SabrinaD2 · Accepted solution]

You can generally add up all the interest from your multiple I Savings Bonds and report it as a single input in TurboTax. Here's how to do it:

1. Calculate Total Interest: Add up the interest from all your I Savings Bonds. Generally wait until you have received an 1099-INTs - then enter each 1099-INT separately - Either way you can use the instructions below
2. Enter in TurboTax:
   1. Log in to TurboTax and open your tax return.
   2. Use the search box (magnifying glass icon) at the top right, type "1099-INT," (no 1099-INT - type Savings Bonds) and click on the "Jump to 1099-INT" link
   3. Enter Interest Information: Enter the total interest amount in Box 3 (Interest on U.S. Savings Bonds and Treas. Obligations). You can use a single entry for the total amount - if you didn't received 1099-INTs

Refer to the TurboTax Community

[Edited 03/10/2025|07:01 am, PST]

[VolvoGirl · Accepted solution]

Yes you can just enter the total.  I cashed in a lot of bonds in 2022. I got receipts from Wells Fargo. I wasn't expecting to get an actual 1099INT from WF but I did! If you didn't get a 1099 INT you just enter the total interest like a 1099 INT and put the amount in box 3. Yes the interest is taxable for federal but usually not for state.

[andrew0071]

👍Thanks!