How to enter Kids' 1099-INT from Series I Savings bonds sale

Forum|Forum|1 year ago
March 16, 2025
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Hello, I've cashed in kids' savings Bonds from TreasuryDirect online after holding for a year. I have two kids under 12 and both received 1099-INT for the cashed bonds. How do I enter that in TurboTax. Only my and my spouse' name comes down in drop down when entering a 1099-INT income.

TurboTax Home & Biz Windows

Best answer by MindyB

You can use form 8814 to report this (only necessary if interest was greater than $1,300). Here is how to do this in TurboTax Online:

Navigate to Federal > Wages & Income > Less Common Income > Child's Income (Under Age 24) > Start or Revisit
Answer the interview question to report the children's income.

Here is some information you may find helpful: Tax Filing Requirements for Children

MindyBAnswer

You can use form 8814 to report this (only necessary if interest was greater than $1,300). Here is how to do this in TurboTax Online:

Navigate to Federal > Wages & Income > Less Common Income > Child's Income (Under Age 24) > Start or Revisit
Answer the interview question to report the children's income.

Here is some information you may find helpful: Tax Filing Requirements for Children