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US Treasury Bond Reporting, which box

I am reporting US Treasury interest made during the year in TT.  In the section there is a box 1 and a box 3. The form 1099 that I got from the UST says Ref box 3 and Ref box 4. It says nothing about box 1. I assume I put $0 in box 1 and my interest $440 in box three? Is that correct? 

If I put the $440 in box 1 as well as 3 it reports it to Massachusetts as taxable income, even though I check the box as non taxed in MA on the following page. 

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1 Reply

US Treasury Bond Reporting, which box

@wchowe 

 

....Box 3 only for Us Treasury $$ or Savings bonds.

...Box 4 is only IF you happened to have Fed taxes withheld....so leave box 4 blank if nothing is there.

 

Leave box 1 blank   (soemtimes the software will indicate it needs to be zero, but that varies from year to year depending on what software changes are made....but same result)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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