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March 24, 2024
Question

Where do I report my interest from savings Bonds redemptions?I have a Form 1099-INT.

  • March 24, 2024
  • 2 replies
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2 replies

DoninGA
Employee
March 24, 2024

To report interest income received -

Click on Federal Taxes (Personal using Home & Business)
Click on Wages and Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Under Interest and Dividends
- Investments and Savings
On Interest on 1099-INT, click on the start or update button


Or enter interest income in the Search box locate in the upper right of the program screen. Click on Jump to interest income

 

On the screen Did you have investment income in 2023? Click on Yes

On the screen Let's import your tax info, click on Enter a different way

On the screen OK, let's start with one investment type, click on Interest and Continue

On the screen How would you like to upload your 1099-INT? Click on Type it in myself

VolvoGirl
Employee
March 24, 2024

Enter Savings Bond interest like a 1099Int under

Federal Taxes tab

Wages & Income

Interest and Dividends

Interest on 1099INT - Click the Start or Update button

 

On the import screen scroll down and pick I'll enter it myself.

 

Type any description like Savings Bond  Interest

Savings Bond interest goes in box 3, not box 1.  You have to check the little box under box 1 that says my form has more boxes for it to open up.