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Level 2
June 5, 2019
Question

EE US Savings Bonds

  • June 5, 2019
  • 10 replies
  • 22 views

How do I report bond interest that was reported in prior years

10 replies

Level 6
June 5, 2019

First, enter the 1099-INT exactly as you received it - be sure and put the savings bond interest in box 3 (not box 1). Then go to the next screen.

It will ask if any of the uncommon situations occur

check yes I need to adjust the taxable amount and go to the next screen

Enter the adjustment amount and check the box that says savings bond interest previously reported.

See screen shot

teddy062Author
Level 2
June 5, 2019
We did all that.  However Turbo Tax keeps giving the transaction an error cde saying the program does not support this transaction.  Happens in premiere and deluxe versions.