18 June 2022 5:05

Money owed on transferred savings bonds

What to do if you inherited savings bonds?

As the survivor, you have four options:

  1. Do nothing. The bond will continue to earn interest until the bond matures. …
  2. Cash (redeem) the bond.
  3. Reissue: Have the bond reissued in the survivor’s name. …
  4. Submit a certified copy of the owner’s death certificate, along with FS Form 5396 (download or order).

How do I report cashing in a savings bond on taxes?

Taxes on Savings Bonds – Form 8815 & More

  1. Report the interest in the year you earn it.
  2. Report the entire amount of interest earned when the bond matures or when you redeem it, whichever comes first.

How much is a $100 savings bond from 1991 worth?

$175

A $100 bond issued in January 1991 is earning 4% now and is worth nearly $175.

How do I find the value of my Series EE savings bonds?

To find what your paper bond is worth today:

  1. Click the ‘Get Started’ Link on the Savings Bond Calculator home page.
  2. Once open, choose the series and denomination of your paper bond from the series and denomination drop down boxes.
  3. Enter the issue date that is printed on the paper bond. …
  4. Click the ‘Calculate’ button.