Reporting Interest on U.S. Savings Bonds
If you recently purchased U.S. savings bonds and wish to know how you must report the interest income on those bonds...
If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U.S. savings bonds when you receive it. However, you report the interest on series EE, series E, and series I bonds in either of the following ways:
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