Interest on Series E and Series EE U.S.savings bonds need not be reported until the bonds mature.

Name: Interest on Series E and Series EE U.S.savings bonds need not be reported until the bonds mature.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

The interest on Series E and Series EE U.S. savings bonds is tax-deferred, meaning it does not need to be reported until the bonds mature or are cashed in. However, if the bonds are cashed in before they mature, any accrued interest must be reported as income in the year they are redeemed.