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What Records do I need to keep to show taxes are paid on interest on EE bonds?
My sisters and I inherited some EE bonds from our Mom. The bonds were not redeemed, they have been transferred to our names.
I understand that I can claim the interest earned up until the time they were transferred on Mom's 1040.
However, Treasury Direct will not keep track of the claimed interest and will not issue a 1099-INT until the bonds are redeemed.
Does anyone have a suggestion on a good way to keep track of the interest that Mom paid taxes on when the remainder will need to be paid when the bond is redeemed?
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‎August 14, 2019
12:00 PM