I already filed my tax but just realized that I bought I bond of $2000 (purchased online on TreasuryDirect) on Oct of 2022. Interest was only $16. TreasuryDirect didn't list 2022 as a taxable year. This is the first time I ever bought I bond.
So in theory, each year if one's interest is over a certain amount, they would get a downloadable form? If so do you have to include the interest amount in each year's filing or wait until the I bond is cashed? I read somewhere that one can elect cash or accrual method of filing.
Thanks,
TT
