You'll need to sign in or create an account to connect with an expert.
Normally, you are supposed to get a 1099-INT from the bank...to enter into the tax software.
There would likely be $$ in both boxes 1 and 3 of the 1099-INT, but the major amount will be in box 3 for the Sav Bond interest. (Box 1 would be the pitiful/paltry amount of regular checking/savings bank interest from your other accounts at the bank)
If you didn't get a 1099-INT from the bank in the mail, then check your online account at that bank for a PDF download of that 1099-INT....i.e. you may be set up for electronic download of forms and bank statements.
When you enter the interest be sure to put it in box 3 not box 1. Then it will be excluded from your state return.
To get to box 3. Under the Received from box, you need to check the little box on the left for
….My form has info in more than just box 1 (this is uncommon).
Regardless of whether you get a 1099-INT or not you are required to report the income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
osgood53
New Member
slowreader
Level 4
e92287e0bced
New Member
willkills
Returning Member
mahimahimom
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.