HH Savings Bonds & 1040 Line 8b exempt

Feb 18, 2008 1 Replies

Received a 1099-int for our HH Savings Bond yearly interest of $200. I entered this into TurboTax Box 3 on the Schedule B smart worksheet.... but it "appears" to be included as normal interest and nothing like I expected - to be shown on 1040 Line 8b as exempt interest ?


Interest on US Government obligations is NOT exempt from federal taxation. It IS exempt from state.

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