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NYS Tax return. EE SAV BOND INTEREST (entered on "Line 3"). This action decreases refund. EE Bond int. tax exempt in NY. turbo support cant figure it out? ANY IDEAS?

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2 Replies
LindaS5247
Expert Alumni

NYS Tax return. EE SAV BOND INTEREST (entered on "Line 3"). This action decreases refund. EE Bond int. tax exempt in NY. turbo support cant figure it out? ANY IDEAS?

This EE savings bond interest shouldn't be taxable on your New York State Tax Return. 

 

Make sure that it was properly entered on line 3 and not line 1 of Form 1099-INT, when entering your form into TurboTax.

 

You can use these instructions to get back to that entry:

 

  • Click on Search (or for CD/downloaded TurboTaxiit is in the upper right corner)
  • Type in “1099-INT  and
  • Click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • You will see “Jump to 1099-INT
  • Click on “Jump to 1099-INT link
  • Edit your entry to review where the savings bond interest was reported, if needed.

It will look like this:

 


Click here for a guide to investment bonds.

 

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support. 

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NYS Tax return. EE SAV BOND INTEREST (entered on "Line 3"). This action decreases refund. EE Bond int. tax exempt in NY. turbo support cant figure it out? ANY IDEAS?

Check over your whole NY return.  Maybe by subtracting it out of NY and decreasing your income you aren't getting as much credit for something?  Try deleting that 1099 and check NY.  Then add it in and see what all changed.  

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