1099-int ibonds for business

Forum|Forum|2 years ago
April 10, 2024
2 replies
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My LLC purchased ibonds in 2022 and redeemed them in 2023. Treasury direct sent a 1099-int (box 3) in the name of the business, but I don’t know where to report the interest for my business? Thanks for any help!

RobertB4444

What type of business do you have and which software are you using?

@Jstew2511

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Jstew2511Author

Thanks for responding. Sole proprietor LLC (i am the only member), using TurboTax self employed.

ChrisG7

I also need help with this!

ThomasM125

Since you are a sole-proprietor, you will enter the interest income as personal interest income, in the Wages and Income section, then Interest and Dividends, the Interest on 1099-INT.

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