Savings Bonds

[booth32725]

I am cashing in my EE Savings Bonds in December, and I have not got a 1009-B, do I record the sales (interest gained) this year or wait for the 1099-B and claim the interest next year?

[Critter-3]

If the bonds were housed with a broker then the "sales/redemption" will be reported on the 2021 consolidated statement they will send you in February ... wait for the form before filing so you enter all the correct information.

[Hal_Al]

You claim the interest on your 2021 tax return.  You will receive the 2021 1099-INT by mid February 2022.   As Critter-3 said, your 1099-INT may be part of a "consolidated"  statement from a broker. Consolidated statements are usually broken down between the 1099-Int, 1099-Div, and 1099-B parts. 

[booth32725]

Thank you

I'll be cashing my bonds through my bank

[Critter-3]

The bank will issue you a statement of interest paid at the time of the redemption ... they may or may not also send a form in January.  

[Hal_Al]

It's almost certain that you will get a 2021 1099-INT, in early 2022, from the bank.  Even without a 2021 1099-Int, you should report the interest as 2021 income.

If there is a glitch (unlikely) and you get a 2022 1099-INT, instead, there is way to negate that on Schedule B of your 2022 tax return.