Sold I bonds in 2024 that I had purchased in 2020. I did not take the interest annually, so I realized $500 of interest when I sold.
Got at 1099-INT from Treasury Direct. Should this be included as Interest Income when I file or should it be long term capital gains? If the latter, don't I need a Form 8949? I don't see that as an option in my Treasury Direct account.
Your help is MUCH appreciated, so thanks in advance. My first year of dealing with an I bond sale.
