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Federal Home saving bond state deduction

The state of Ohio does not allow for any adjustments and I tried to create or modify my 1099-INT and Nothing works to allow the tax deduction on the state of Ohio.

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2 Replies

Federal Home saving bond state deduction

I should have said Federal Home Loan Bank Bond state deduction

AmyC
Expert Alumni

Federal Home saving bond state deduction

The simplest solution is to return to the federal income and edit the 1099-INT. Take the savings bond interest out of box 1 and put it in box 3. 

 

For example: 

  • currently Box 1 $200, Box $0
  • your paperwork shows Savings bond interest $20
  • change to Box 1 $180, Box 3 $20
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