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Level 2
posted Mar 25, 2023 4:19:29 PM

My bank did not give me a 1099-INT form when we sold savings bonds in 2022. There was $1022 of interest accrued. Where do I enter this taxable interest into Turbotax?

Do I enter the interest in box 3 as if I did receive a 1099-INT?

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1 Best answer
Expert Alumni
Mar 25, 2023 4:51:31 PM

If you have cashed paper savings bonds, you should have received a 1099-INT in the mail. If a financial institution pays the bond, you get a 1099-INT from that financial institution either soon after you cash your bond or by January 31 of the following year. Contact the bank regarding the Form 1099-INT. If you have online banking, the form may be downloadable from your account.

 

The interest on U.S. savings bonds should appear in Box 3 of Form 1099-INT. Enter Form 1099-INT in TurboTax under Wages and Income, Investments and Savings.

 

If you have a TreasuryDirect account, you must get your 1099-INT yourself from your account. See this treasurydirect.gov webpage for more information.

 

See also this TurboTax tips article for more information about Form 1099-INT.

 

1 Replies
Expert Alumni
Mar 25, 2023 4:51:31 PM

If you have cashed paper savings bonds, you should have received a 1099-INT in the mail. If a financial institution pays the bond, you get a 1099-INT from that financial institution either soon after you cash your bond or by January 31 of the following year. Contact the bank regarding the Form 1099-INT. If you have online banking, the form may be downloadable from your account.

 

The interest on U.S. savings bonds should appear in Box 3 of Form 1099-INT. Enter Form 1099-INT in TurboTax under Wages and Income, Investments and Savings.

 

If you have a TreasuryDirect account, you must get your 1099-INT yourself from your account. See this treasurydirect.gov webpage for more information.

 

See also this TurboTax tips article for more information about Form 1099-INT.