I purchased series HH bonds brand new and am the original owner. They matured last year in 2024 but I did not cash them in. My 1099-INT has two columns for box 3 Interest on US Savings Bonds: Annual interest Paid and Accrued interest reported. I only received $60 paid for the year. But the accrued interest reported amount has been added to the $60 into a Total Interest Reported amount at the bottom of the Annual Interest paid column. What amount do I report on my 2024 taxes? I think I am supposed to report the total interest reported amount, even though I only received $60 in 2024. As a cash basis taxpayer, I want to report the $60 in 2024 and then the reset of the accrued interest in the year in which I cash in the bonds; because I am a tax basis taxpayer. If I report the total interest reported amount, then I will receive no additional 1099-INTs in the future and I will not have to report the accrued interest in the year in which I cash these in?
