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True..

Anyhow , if you are going to report it every year, you enter a 1099-INT in the software...As-IF you did receive a 1099-INT.

 

As-If From: The US Treasury

and you put the calculated yearly interest (form all the savings bonds you hold) into box 3.

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Other info here:

 

Tax information for EE and I bonds — TreasuryDirect

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*