ok but the publication further states the following (see below)- which is confusing and makes me believe that the interest needs to be reported in the year of maturity - which was 2022 not 2023 which is when i will get the INT statement.
Series EE and Series I bonds.
Interest on these bonds is payable when you redeem the bonds. The difference between the purchase price and the redemption value is taxable interest.
Series E and EE bonds.
Series E bonds were issued before 1980. All Series E bonds have matured and are no longer earning interest. Series EE bonds were first offered in January 1980 and have a maturity period of 30 years; they were offered in paper (definitive) form until 2012. Paper Series EE and Series E bonds were issued at a discount and increase in value as they earn interest. Electronic (book-entry) Series EE bonds were first offered in 2003; they are issued at face value and increase in value as they earn interest. For all Series E and Series EE bonds, the purchase price plus all accrued interest is payable to you at redemption.
Reporting options for cash method taxpayers.
If you use the cash method of reporting income, you can report the interest on Series EE, Series E, and Series I bonds in either of the following ways.
Method 1. Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. (
Note. Series EE bonds issued in 1991 matured in 2021. If you have used method 1, you generally must report the interest on these bonds on your 2021 return. The last Series E bonds were issued in 1980 and matured in 2010. If you used method 1, you generally should have reported the interest on these bonds on your 2010 return.
Method 2. Choose to report the increase in redemption value as interest each year.
