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New Member
posted Jun 4, 2019 11:00:29 PM

Where do I enter US savings bond redemption using basic turbo Where do i enter estimated tax paid this year.

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1 Best answer
Expert Alumni
Jun 4, 2019 11:00:30 PM

The U.S. savings bond redemption is reported as follows:

  1. Federal Taxes
  2. Wages & Income
  3. Interest & Dividends, select Interest on 1099-INT - be sure to check the box My form has info in more than just box 1

Note: If the bank where you cashed the bonds does not issue the form 1099-INT - in TurboTax - you should report the interest AS IF you received the form. Use the bank name as the payer and enter the interest in box 3; no additional reporting is need.


The estimated taxes paid (federal, state and local) data entry is as follows:

  1. Federal Taxes
  2. Deductions & Credits
  3. Scroll down to Estimates and Other taxes Paid
  4. Select Estimates - enter your payments; any state/local payments are automatically transferred to their respective returns;

5 Replies
Expert Alumni
Jun 4, 2019 11:00:30 PM

The U.S. savings bond redemption is reported as follows:

  1. Federal Taxes
  2. Wages & Income
  3. Interest & Dividends, select Interest on 1099-INT - be sure to check the box My form has info in more than just box 1

Note: If the bank where you cashed the bonds does not issue the form 1099-INT - in TurboTax - you should report the interest AS IF you received the form. Use the bank name as the payer and enter the interest in box 3; no additional reporting is need.


The estimated taxes paid (federal, state and local) data entry is as follows:

  1. Federal Taxes
  2. Deductions & Credits
  3. Scroll down to Estimates and Other taxes Paid
  4. Select Estimates - enter your payments; any state/local payments are automatically transferred to their respective returns;

New Member
Feb 6, 2020 8:01:37 AM

see from your message as how to enter interest for Savings Bonds, but I understand that there is no state tax.  How do I enter the interest for the Federal tax but not the state.

Returning Member
Mar 31, 2023 6:26:35 AM

Does turbotax online handle the 1099-INT for redeemed savings bond interes

Returning Member
Mar 31, 2023 6:31:32 AM

I redeemed 92 savings bonds and got a big federal interest check but had to buy a turbotax deluxe CD to enter the 1099-INT because turbotax online free edition could not handle it and I am going to try to use turbotax free next year but will it handle savings bond interest?

Intuit Alumni
Mar 31, 2023 11:58:09 AM

Please review the form here, as this will show which products can handle each form. 

 

Please let us know if we can assist you further. @denromich