topic I-bond redemption to pay for higher education of a dependent: 2024 desktop in Education

I-bond redemption to pay for higher education of a dependent: 2024 desktop

ritapun — Tue, 04 Mar 2025 03:26:21 GMT

This question was asked and answered last year: https://ttlc.intuit.com/community/college-education/discussion/re-i-bond-redemption-to-pay-for-higher-education-of-a-dependent/01/3177083/highlight/false#M53908

I have exactly the same question for 2024, but the solution suggested does not work.

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

MindyB — Tue, 04 Mar 2025 03:55:55 GMT

After you enter your interest from Box 3 of the 1099-INT, you will be asked as few questions. First if any uncommon situations apply- read the question and answer according to your situation. Next, to Did you cash any Series EE or I saving bonds?, answer yes. After that, say yes to Did you use your U.S. savings bonds to pay for higher education expenses?

If you do not see these options, I would suggest restarting the program or updating your software. Manually Update TurboTax for Windows Software

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

Hal_Al — Tue, 04 Mar 2025 12:53:47 GMT

Be advised, if you make a mistake the first time through, TurboTax may not give you all the same screens when yo try to review. You may have to delete the 1099-INT and re-enter it and start over.

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

ritapun — Wed, 05 Mar 2025 04:54:27 GMT

Thanks. I deleted and added it back. I still don't see the following screens.

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

ritapun — Wed, 05 Mar 2025 04:56:10 GMT

I have a Mac Software. I tried to update it manually with no success. I still do not see the screen above.

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

Hal_Al — Wed, 05 Mar 2025 12:31:48 GMT

Savings bond interest MUST be entered in box 3 at the 1099-INT screen

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

ritapun — Thu, 06 Mar 2025 01:21:37 GMT

Yes, only box 3 is filled. Yet I do not see the next screen. I think the mac software has a bug.

Re: I-bond redemption to pay for higher education of a dependent: 2024 desktop

BrittanyS — Wed, 12 Mar 2025 13:40:35 GMT

Have you marked the box "Yes, I cashed Series EE or I savings bonds"? This will need to be marked for the as yes for the higher education question to come up. See the screenshot below:

@ritapun