how to report interest on treasury bond?

[vinod-jain01]

How to report interest accrued on an I bond bought from Treasury Direct?

[AmyC]

If you choose to enter it each year, it is reported on the same line as other interest on sch B. You can go to federal income, investments, enter 1099-INT and Treasury Direct with the amount or wait until the bond matures.

Tax information for EE and I bonds - TreasuryDirect states:

You have a choice. You can

• put off (defer) reporting the interest until you file a federal income tax return for the year in which you actually get the interest, or
• report the interest each year even though you don't actually get the interest then