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U
ungrnd-d
February 11, 2022
Question

Is a 1099 sufficient for reporting bonds? I cashed $200 in bonds. I have a 1099 for them. Now Turbotax wants me to itemize them for a $70 upcharge. Why?

  • February 11, 2022
  • 1 reply
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1 reply

J
JulieS
February 11, 2022

It depends on what type of 1099 you have. If you have redeemed saving bonds, you will get a 1099-INT. In that case you can use Deluxe, or maybe even Free, depending on what else is on your tax return.

 

If you sold a different kind of bond, you may have 1099-B reporting the sale. In that case you have to use Premier to report it properly. 

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