1040-US: Entering EE and/or I U.S. savings bond interest income

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Question

How do I identify series EE or I U.S. savings bond interest?

Answer

US savings bond interest should be assigned Type Code 7 in the Interest Income statement dialog in Screen B&D or Screen Broker. Form 8815 uses this information to calculate the exclusion of all or a portion of the interest from taxation.

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