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e-bond tax treatment

Forums: Finance, Personal Finance
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Myron Fleck
 
Reply Fri 6 Nov, 2009 04:52 pm
Is it true that accumulated e-bond interest is taxed in the year the bonds mature even if they are not redeemed for cash?
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TTH
 
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Reply Sat 7 Nov, 2009 09:05 pm
@Myron Fleck,
Without going into technical questions, the interest is taxed when the bonds are redeemed, reach maturity or are cashed (whichever occurs first).

For more specifics see IRS PUB 550
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