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Form 1099-int Savings Bond?

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    Form 1099-int Savings Bond?

    Have a 1099-INT that has $81 in box 3 under Interest on US Savings Bonds and Treas. obigations. Haven't saw one --only interest income. When I put it in box 3 it comes out on the state. Am I doing this right?
    SueBaby

    #2
    US Savings Bond Interest

    Is usually Tax Exempt for State and Local Taxes.

    Don't know what State you are in, and don't know what software you are using.
    My software on Schedule B has a special section to enter US Govt Savings Interest.

    Sandy

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      #3
      exempt on mass returns too

      Comment


        #4
        Originally posted by S T View Post
        Is usually Tax Exempt for State and Local Taxes.

        Don't know what State you are in, and don't know what software you are using.
        My software on Schedule B has a special section to enter US Govt Savings Interest.

        Sandy
        Yes, Drake has box 3 but did not know if exempt from state or not; which is Louisiana.
        Thanks alot for answering back so quick to finish my work before midnight.
        SueBaby

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