turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Putt1608
Returning Member

exemping u s savings bond interest from an Arkansas return

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
Hal_Al
Level 15

exemping u s savings bond interest from an Arkansas return

Savings bond interest is shown in box 3 of form 1099-INT.  If you enter the 1099-INT, in TurboTax (TT), exactly as received, TT will automatically exclude it from the AR state return.

 

If you have US savings bond interest, not shown on a 1099-Int, enter it at the 1099-INT screen, in TT, anyway

DawnC
Employee Tax Expert

exemping u s savings bond interest from an Arkansas return

Where did you enter the interest (what box of the 1099-INT) on the federal return?  You should not have to make an adjustment to your state return.  But if you do need to remove the interest, you will be given the option to when you go through the Arkansas return.   You will come to a screen that says 'Tell Us About Any Tax Exempt Income''.   You can use this section to remove any income that was included from your federal return.  

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Putt1608
Returning Member

exemping u s savings bond interest from an Arkansas return

Tried that and it didn't work. Returned to fed interest reporting and change Savings Bond to Box 3. This did not impact fed return, but did remove it from state and posted to this screen automatically for one spouse, but not the other.

Thanks for your response

Putt1608
Returning Member

exemping u s savings bond interest from an Arkansas return

Thanks, first time to have Savings Bond interest. The form I got from the bank did not specify it was Box 3 Interest, but a small paragraph on the bank noted how to report. I was able to re-post as box 3 and this corrected the problem.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies