I cashed in 6 savings bonds in 2017 and received a federal income tax information sheet but didn't receive a 1099-b or 1099 INT. How am I suppose to report this income?

posted

Connect with an expert

1 Reply

I cashed in 6 savings bonds in 2017 and received a federal income tax information sheet but didn't receive a 1099-b or 1099 INT. How am I suppose to report this income?

On your tax return, You enter the interest income only as a 1099-INT from the US Treasury. Use box 3 of the 1099-INT form when you do that.

A 1099-B is not used for cashing in savings bonds.

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

Still have questions?