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posted Jun 6, 2019 12:08:18 AM

Why is my US savings bonds interest included with other interest?

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1 Best answer
Level 15
Jun 6, 2019 12:08:20 AM

When you enter the 1099-INT, there is a question box that asks if the interest is from a savings or other govt. bond. Go to Federal > Wages and Income > Interest to see that.

Savings bond interest is taxable for Federal, but not for state.

1 Replies
Level 15
Jun 6, 2019 12:08:20 AM

When you enter the 1099-INT, there is a question box that asks if the interest is from a savings or other govt. bond. Go to Federal > Wages and Income > Interest to see that.

Savings bond interest is taxable for Federal, but not for state.