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gkeirce
New Member

TurboTax asking about business name, principle Business code??? The 1099 INT is from cashing in savings bonds.

Received a 1099 INT from bank where I cashed in savings bonds.  Interest was listed in box #3.  Turbotax is asking me fill out a Schedule C as if I am a business.  Not the case.

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Accepted Solutions

TurboTax asking about business name, principle Business code??? The 1099 INT is from cashing in savings bonds.

It is being input in wrong area, delete whatever was entered on it so far.

Then input savings bonds interest as follows:

Federal Taxes

Wages and Income

to Interest and Dividends

to Interest on a 1099INT

and you will box 3 on where to enter the Savings Bond interest.

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2 Replies

TurboTax asking about business name, principle Business code??? The 1099 INT is from cashing in savings bonds.

Is it a 1099Misc instead of a 1099INT?

TurboTax asking about business name, principle Business code??? The 1099 INT is from cashing in savings bonds.

It is being input in wrong area, delete whatever was entered on it so far.

Then input savings bonds interest as follows:

Federal Taxes

Wages and Income

to Interest and Dividends

to Interest on a 1099INT

and you will box 3 on where to enter the Savings Bond interest.
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