My mother and I were co-owners on electronic EE bonds, where she was listed first and I was listed second. My mother passed away in late 2022 prior to 2023 electronic bonds maturing. While I submitted the necessary paperwork to the Treasury Department to have the bonds moved to my account and my name in 2022, the Treasury allowed the bonds to mature in my deceased mother's account for 2023 (I was told they had a backlog of work). This means that I have received a 2023 1099-INT in her name and with her social security number. The final tax return for my mother was filed for 2022, the year of her death, and the matured 2023 bonds belong to me as a co-owner and not to an estate or other entity.
I contacted the Treasury Department to have the 1099-INT corrected. BUT, even though they agree that I am the one who received the monies, including interest, they refuse to issue a new 1099-INT, informing me that in the situation of death and maturity they do not issue new 1099s. Instead, I was told by 3 different people to "work with my tax advisor" to submit the information to the IRS. As per the Treasury "there is something that can be done on taxes that will show that [the monies] are mine" and "this happens a lot" so "submit something that shows to the IRS so I can claim under my social security number" all the monies from the matured EE bonds.
I have tried to contact the IRS--but simply get recorded messages. So, I am reaching out to the Turbotax community to ask:
1. How do I handle this 2023 1099-INT for these EE bonds that is in my mother's name & SS number, even though I am the co-owner who correctly received the funds and should report them on my tax return under my social security number for tax year 2023?
2. Are there additional forms that I need to submit with my tax filing this year?
3. Would it be better to submit my tax forms via paper rather than electronically (though I have filed electronically for years)?
Thank you--really appreciate some insight into this situation as I am quite flummoxed especially being told that I am correct but that no new 1099 would be issued by the US Treasury of all places!!
