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See the instructions below to report and excluded your Series EE interest.
You report Savings Bond interest from 1099-INT as interest income.
I followed the above but am not getting the promptDid you cash any Series EE or I U.S. savings bonds?
The question "Did you cash any Series EE or I U.S. savings bonds?" Should appear on the page after the "Here's your 1099-INT Info" summary page (see below).
If you are not seeing the question, please double-check your entries by selecting Edit next to the Savings Bond Interest entry. Be sure you entered an amount in Box 3 for Interest on U.S. Savings Bonds. If you did enter an amount in Box 3 and the question is not triggered, please delete the savings bond entry (using the trash can next to 'Edit') and re-enter the info.
my exclusion from my income for interest for my I-bonds used fully for higher education is less than the actual interest that was used. eg. Turbo tax said my exclusion was 1,188 but the interest from the bond was 1519 and I used all from tuition for my son. So why the discrepancy?
Starting in 2021, there is a phase out of this exclusion based on income.
If your modified adjusted gross income is more than $83,200 if single, or $124,800 if married filing jointly, your exclusion will be limited.
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