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Jstew2511
Returning Member

1099-int ibonds for business

My LLC purchased ibonds in 2022 and redeemed them in 2023. Treasury direct sent a 1099-int (box 3) in the name of the business, but I don’t know where to report the interest for my business? Thanks for any help!

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5 Replies
RobertB4444
Employee Tax Expert

1099-int ibonds for business

What type of business do you have and which software are you using?

 

@Jstew2511 

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Jstew2511
Returning Member

1099-int ibonds for business

Thanks for responding. Sole proprietor LLC (i am the only member), using TurboTax self employed.

Jstew2511
Returning Member

1099-int ibonds for business

It is a construction business in case that helps.

ChrisG7
New Member

1099-int ibonds for business

I also need help with this!

ThomasM125
Employee Tax Expert

1099-int ibonds for business

Since you are a sole-proprietor, you will enter the interest income as personal interest income, in the Wages and Income section, then Interest and Dividends, the Interest on 1099-INT

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