How do I report bond interest that was reported in prior years
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First, enter the 1099-INT exactly as you received it - be sure and put the savings bond interest in box 3 (not box 1). Then go to the next screen.
It will ask if any of the uncommon situations occur
check yes I need to adjust the taxable amount and go to the next screen
Enter the adjustment amount and check the box that says savings bond interest previously reported.
See screen shot
Thank you for mentioning this! This is happening to me in TT Deluxe 2022 with savings bond interest reported at maturity in 2020 but not cashed in until 2021 - and I needed to adjust the 2021 1099-Int. I used 'other' and it worked!
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