Is a 1099 sufficient for reporting bonds? I cashed $200 in bonds. I have a 1099 for them. Now Turbotax wants me to itemize them for a $70 upcharge. Why?

It depends on what type of 1099 you have. If you have redeemed saving bonds, you will get a 1099-INT. In that case you can use Deluxe, or maybe even Free, depending on what else is on your tax return.

If you sold a different kind of bond, you may have 1099-B reporting the sale. In that case you have to use Premier to report it properly.