I have a comparable EE savings bond situation, and could you please comment on the following:
I had some EE paper (not electronic) bonds that were never in a TreasuryDirect account. Bond interest was not claimed on any tax return during the bonds' 30 year life. The bonds matured in 2022, and were redeemed in person at a local bank last month (i.e., January 2023). Proceeds were deposited into an account at that bank. At the time of redemption, the bank provided a substitute Form 1099-INT for the redemption and it is dated the day of the redemption (Jan. 5, 2023). This is the only 1099-INT I will receive, according to the bank. Should the bond interest be claimed in the tax year the bonds matured (i.e., 2022) or the year of the redemption and dated 1099-INT (i.e., 2023)? Thanks in advance.
