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Returning Member
posted Feb 8, 2022 10:18:41 AM

Savings bonds interest

I have 2021 Savings Bond Interest for my Aunt that died in 2020.  Her final returns were submitted.   She did not have an estate so I have no estate number to file an estate tax return.  Can I report that interest on my (beneficiary) tax return?  If so how do I do that and how do I designate that entry on my return?

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1 Replies
Expert Alumni
Feb 8, 2022 1:52:41 PM

Yes, since you are the beneficiary, you should report the income on your tax return. 

 

If the only income is interest on Form 1099-INT, you can just enter that form as if it is your name. You can use the search box toward the upper right to search for 1099-INT. That should bring up a "Jump to" link. Click on Jump to and enter you information. 

 

If you don't see Jump to, follow these directions:

Select Federal on the left side menu.

Select Income and Expenses toward upper left.

Expand/ scroll down the list and find the section called, Interest on 1099-INT, click on Add/ Edit to the right.

Answer Yes and click Continue.

Enter the information from your 1099-INT form, click Continue.