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Where do I report the interest from the sale of U.S. Savings Bonds

I didn't receive a 1099 -Int for my U.S Savings Bond sales

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2 Replies
Patrice
New Member

Where do I report the interest from the sale of U.S. Savings Bonds

You report Savings Bond interest from 1099-INT as interest income.  

  1. Select Federal Taxes tab 
  2. Select Wages & Income
  3. Choose I'll choose what to work on 
  4. Select Interest and Dividends
  5. Locate the option Interest on 1099INT  and click the Start /Update button
  6. Choose your bank or brokerage from the list to import your 1099-INT and click/tap Continue or manually enter your 1099-INT  by clicking/tapping I'll type it in myself and click/tap Continue.
  7. On the "Let's get the details from your 1099-INT or brokerage statement" screen, be sure to check the checkbox for "My form has info in more than just box 1 (this is uncommon)" (Refer to the attached image)
  8. Enter in the Savings Bond interest into Box 3
  9. You can now add Box 3 interest from your savings bonds.
  10. Continue along with answering the questions in the following screens and pressing "Continue"
  11. If you reach the "Did you cash any Series EE or I U.S. savings bonds?" screen, press "Yes" if you did
  12. On the "Did you use your U.S. savings bonds to pay for higher education expenses?" screen, press "Yes" if you used your savings bonds for educational costs
  13. If you qualify, TurboTax will help you to record your exclusion of savings bond interest for Form 8815 on a series of screens


Anonymous
Not applicable

Where do I report the interest from the sale of U.S. Savings Bonds

We were excluded due to income - note that you're not eligible for tax-free EE Bond interest when paying higher education if you make $100,800 (Single) or $158,650 (married jointly).

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