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Series e bond taxes? What are the taxes when cashing in a series e bond: federal or state or capitial gains or...

Ee bond taxes I inherited ee bonds that are 25 years old and want to know how much of the interest tax i...

taxes on inherited shares I was a benificiary on my moms american funds account and i redeemed the shares when she passed...

How do i tell who is the owner of a bond and who has to pay the taxes? My father bought bonds for my son during my son's childhood. my father passed away a...

Ee bond I have a $50 ee bond purchase in 1982. how much is it worth and where would i cash it in?

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Submitted 16 days ago...

TuathaDe643

New User (1)

What taxes on redeemed US bond

How is the tax on US bonds calculated

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Answer 1 / 2 - Submitted 16 days ago...

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Expert (713)

You pay income tax on the amount of interest that the bond accumulated.

You have the option of declaring the income each year (annoying, because it's up to you to do the research and report the correct amount), or paying the tax in the year you cash in the bond (which is what most folks do).

So if you paid $500 for a bond, and 12 years later you cash it in and get $985, you would report $485 in interest on your tax return.

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Answer 2 / 2 - Submitted 16 days ago...

davido84

Authority (191)

Treasury bonds are subject to ordinary income tax, but you do not have to pay state income tax on them.

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