See the instructions below to report and excluded your Series EE interest. You report Savings Bond interest from 1099-INT as interest income. Select Federal Taxes tab Select Wages & IncomeChoose I'll choose what to work on Select Interest and DividendsLocate the option Interest on 1099INT and click the Start /Update buttonSelect "Yes" Did you receive any interest income?On the "Let Us Enter Your 1099-INT" screen, scroll down and press "I'll type it in myself"On the "Let's get the details from your 1099-INT or brokerage statement" screen, be sure to check the checkbox for "My form has info in more than just box 1 (this is uncommon)" Enter in the Savings Bond interest into Box 3You can now add Box 3 interest from your savings bonds.Continue along with answering the questions in the following screens and pressing "Continue"If you reach the "Did you cash any Series EE or I U.S. savings bonds?" screen, press "Yes" if you didOn the "Did you use your U.S. savings bonds to pay for higher education expenses?" screen, press "Yes" if you used your savings bonds for educational costsIf you qualify, TurboTax will help you to record your exclusion of savings bond interest for Form 8815 on a series of screens.

Question

How do I report exclusion of interest from series EE savings bonds?

Forum|Forum|7 years ago
June 1, 2019
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DawnC0

Employee

See the instructions below to report and excluded your Series EE interest.

You report Savings Bond interest from 1099-INT as interest income.

Select Federal Taxes tab
Select Wages & Income
Choose I'll choose what to work on
Select Interest and Dividends
Locate the option Interest on 1099INT and click the Start /Update button
Select "Yes" Did you receive any interest income?
On the "Let Us Enter Your 1099-INT" screen, scroll down and press "I'll type it in myself"
On the "Let's get the details from your 1099-INT or brokerage statement" screen, be sure to check the checkbox for "My form has info in more than just box 1 (this is uncommon)"
Enter in the Savings Bond interest into Box 3
You can now add Box 3 interest from your savings bonds.
Continue along with answering the questions in the following screens and pressing "Continue"
If you reach the "Did you cash any Series EE or I U.S. savings bonds?" screen, press "Yes" if you did
On the "Did you use your U.S. savings bonds to pay for higher education expenses?" screen, press "Yes" if you used your savings bonds for educational costs
If you qualify, TurboTax will help you to record your exclusion of savings bond interest for Form 8815 on a series of screens.