In 2022 i cashed treasury bonds i was given as a baby. I have a 1099-int from it. When turbo tax asks “did you sell stocks or other investments” do i answer “yes” or “no”
In 2022 i cashed treasury bonds i was given as a baby. I have a 1099-int from it. When turbo tax asks “did you sell stocks or other investments” do i answer “yes” or “no”
Enter No when TurboTax asks you did you sell stocks or bonds. When bonds are redeemed, the principal is not taxed, only the interest which is why you received the 1099-INT Form. Please follow the steps below to enter your 1099-INT Form.
Open or continue your return
Search 1099-INT in the search bar at the top of the screen (lowercase also works)
Select the Jump to1099-INT link
Answer Yes to Did you have any interest income?
If you see Your investments and savings, select Edit next to the correct 1099-INT or Add investments
On the Get ready to be impressed screen, select Continue
Select Enter a different way
Select Interest 1099-INT and Continue
Select Type it in myself
On the next screen, input the required information and select Continue
At Do any of these uncommon situations apply? select the appropriate answer and Continue.