[nib]

hello friends ,

1)In simulation form 1040 , when interest earned on the Series EE bonds has satisfied all required conditions of exclusion . So interest amount is excludible from gross income. I understood this .

2) When it is excluded from gros income , I recorded this amount is tax interest box on line 8 b

3) answers says not to even record in tax exempt ineterest box .because exclude from gros income .This part of not recording it, is out of my understanding,

please help me with the hint .

(see the Instructions for Form 8815). In general, a person may exclude the entire interest amount if the following four conditions are satisfied:

The taxpayer cashed qualified U.S. savings bonds in the current year that were issued after 1989.

The taxpayer paid qualified higher education expenses in the current year.

The taxpayer’s filing status is not married filing separately.

The taxpayer’s modified AGI is below $145,750 (for 2015), which it is, at $98,911.

Since the couple satisfied all four conditions, the entire interest amount can be excluded. (See IRS Publication 970, Tax Benefits for Education.)