Unlike stocks, you don't really sell U.S. Savings Bonds -- you redeem them or cash them in. When you cash in U.S. savings bonds you receive back your investment plus the interest that has been earned. The interest is reported on a 1099-INT. To report this in TurboTax: Click on Federal > Wages & Income [In TT Self-Employed: Personal > Personal Income > I'll choose what I work on]. Scroll down to the Interest and Dividends section and click on the Start/Revisit box next to Interest on 1099-INT If you haven't already entered interest, continue through the screens, entering the requested information. If you have already entered interest, you will see a screen Here's the interest we have so far. Click on the Add interest income link to make a new entry.

Question

I sold some federal EE bonds in 2020. TurboTax says that I should have been provided a 1099-B but I only received a 1099-INT. How should I proceed?

Forum|Forum|5 years ago
April 2, 2021
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Irene2805

Unlike stocks, you don't really sell U.S. Savings Bonds -- you redeem them or cash them in. When you cash in U.S. savings bonds you receive back your investment plus the interest that has been earned. The interest is reported on a 1099-INT. To report this in TurboTax:

Click on Federal > Wages & Income [In TT Self-Employed: Personal > Personal Income > I'll choose what I work on].
Scroll down to the Interest and Dividends section and click on the Start/Revisit box next to Interest on 1099-INT
If you haven't already entered interest, continue through the screens, entering the requested information.
If you have already entered interest, you will see a screen Here's the interest we have so far. Click on the Add interest income link to make a new entry.