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Level 2
posted Jun 1, 2019 8:38:20 AM

Turbo Tax didn't generate the necessary Schedule B for cashed in US Savings bonds using the accural interest reporting method. How do I get a Schedule B?

According to Pub.550 for 2018, a Schedule B must be file if you received a Form 1099-INT for U.S. savings bond interest that includes amounts you reported in a previous tax year.  Turbo tax did not generate Schedule B even though when entering the information on turbo tax for the bond interest, I checked the box that some of the interest had been previously reported.

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3 Replies
Level 15
Jun 1, 2019 8:38:24 AM

Prior to checking that box, you were  asked to enter any adjustment amount. Your ”adjustment” is the amount of previously reported interest. You must enter an amount to generate Sch B


Level 2
Jun 1, 2019 8:38:25 AM

I did enter the adjustment amount and it did not generate a Sch B

Level 15
Jun 1, 2019 8:38:26 AM

Try deleting the 1099-Div and re-entering.  I tried it and it works for me.