02-18-2008, 11:09 PM
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 Re: HH Savings Bonds & 1040 Line 8b exempt On Feb 18, 6:17 pm, "P.Schuman" <pschuman_no_spam...[at]interserv.comwrote: - quote - > 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. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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02-18-2008, 10:17 PM
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| HH Savings Bonds & 1040 Line 8b exempt 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 ? -- -- "If everything seems to be going well, you have obviously overlooked something." - Steven Wright -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| 1040, bonds, exempt, line, savings |
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