Whether you have interest income from EE savings bond to report on your 2021 tax return depends on:
- If you have electronic EE bonds in a TreasuryDirect account, they are automatically cashed and interest earned is reported to the IRS when the EE bonds stop earning interest (mature). In this case, you have interest income to report.
- If a financial institution pays the bond, you will receive a paper 1099-INT from that financial institution either soon after you cash your bonds or within the first two months after the end of the year in which you cash your bonds. If you have paper EE bonds, you report the interest income after you cash those bonds.
You should cash the bonds and invest the money somewhere else. Interest has stopped accruing after it matures.
@jasperj
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