Ask Terry Questions A Sad Story ForUS Savings Bonds

A Sad Story ForUS Savings Bonds

By Terry Savage on July 07, 2014 | Wild Card

On the web site, I was unable to find reference to the penalty for not reporting accrued income in year bonds mature. Please give me direction where to find more on this.
Thank you

Terry Says: Here’s alink to the IRS website that explains that interest on Series EE bonds MUST be reported in the year they mature or the year in which they are cashed in, whichever comes first!,-Dividends,-Other-Types-of-Income/Savings-Bonds/Savings-Bonds-1



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