I-bond redemption to pay for higher education of a dependent: 2024 desktop

Forum|Forum|1 year ago
March 4, 2025
1 reply
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This question was asked and answered last year: https://ttlc.intuit.com/community/college-education/discussion/re-i-bond-redemption-to-pay-for-higher-education-of-a-dependent/01/3177083/highlight/false#M53908

I have exactly the same question for 2024, but the solution suggested does not work.

MindyB

After you enter your interest from Box 3 of the 1099-INT, you will be asked as few questions. First if any uncommon situations apply- read the question and answer according to your situation. Next, to Did you cash any Series EE or I saving bonds?, answer yes. After that, say yes to Did you use your U.S. savings bonds to pay for higher education expenses?

If you do not see these options, I would suggest restarting the program or updating your software. Manually Update TurboTax for Windows Software

Hal_Al

Employee

Be advised, if you make a mistake the first time through, TurboTax may not give you all the same screens when yo try to review. You may have to delete the 1099-INT and re-enter it and start over.