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posted Jun 6, 2019 1:53:24 AM

When reporting Savings Bonds, what do I put in the "Received From" section? The bank where they were cashed or do I just enter "Savings Bonds"?

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1 Best answer
Level 7
Jun 6, 2019 1:53:24 AM

You can use the bank name where they were cashed as the payer in the "received from" section.  But, more importantly, make sure you check the box on the 1099-INT entry screen next to “My form has more info than Box 1 (this is uncommon)” and enter the interest in box 3 for savings bond and treasury interest.  

1 Replies
Level 7
Jun 6, 2019 1:53:24 AM

You can use the bank name where they were cashed as the payer in the "received from" section.  But, more importantly, make sure you check the box on the 1099-INT entry screen next to “My form has more info than Box 1 (this is uncommon)” and enter the interest in box 3 for savings bond and treasury interest.