Money owed on transferred savings bonds
What to do if you inherited savings bonds?
As the survivor, you have four options:
- Do nothing. The bond will continue to earn interest until the bond matures. …
- Cash (redeem) the bond.
- Reissue: Have the bond reissued in the survivor’s name. …
- 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
- Report the interest in the year you earn it.
- 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:
- Click the ‘Get Started’ Link on the Savings Bond Calculator home page.
- Once open, choose the series and denomination of your paper bond from the series and denomination drop down boxes.
- Enter the issue date that is printed on the paper bond. …
- Click the ‘Calculate’ button.