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bigfalz
New Member

1099-Int for Cashed in HH Bonds

I received a 1000-INT for cashed HH Bonds, the annual interest paid (box 3) shows $221.25. At the bottom it shows Total $221.25, and Total Interest Reported $10,000. Do I report the $221.25 or the $10,000?

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AmyC
Expert Alumni

1099-Int for Cashed in HH Bonds

This year's portion is $221.25 and this is your last year of entering interest on the bond. 

 

HH Bonds states:

Also, if you bought your HH bonds in exchange for other securities, you may owe tax on "deferred interest." We explain that on Tax information for HH savings bonds.

The deferred interest is reportable to the IRS in the year it reaches final maturity or the year it's redeemed, whichever occurs first. HH bonds earn interest ...

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