How do I report interest from a cashed US savings bond in turbo tax?

Forum|Forum|1 year ago
July 25, 2024
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rjs

Level 15

You should have received a Form 1099-INT with the savings bond interest in box 3. Just enter the 1099-INT in TurboTax, the same as if you got a 1099-INT for interest on a bank account. On the screen for entering the 1099-INT, check the box that says "My form has info in more than just box 1."

Mike9241

Level 15

did you get any reporting forms such as a 1099-INT or 1099-B

if not then use 1099-INT for payee use the name of finnacial institution where you cashed it, or US Treasury and enter the interest only in Box 3 - US interest

if you got a1099-INT use the name on it. The interest is entered the same as above

if you got a 1099-B, unlikely, US a US Savings Biond, you'll need to report it on form 8949/ capital asset sale Proceeds and cost per the form

Mike9241