turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Redeemed a series EE savings bond, is the interest the redeemed amount less face?

I redeemed a series ee paper savings bond. The amount on the bond was $100 but I got about $140 when I redeemed. The bank didn't give me anything in terms of breakdown on interest. Is the interest $40, $140-$100 face value paid?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Redeemed a series EE savings bond, is the interest the redeemed amount less face?

Read this 

Redeemed a series EE savings bond, is the interest the redeemed amount less face?

No.  Not the Redeemed amount - Face value.  You probably paid less than the face value when you bought it.  Like only 50%.  You have to find what you bought it for.  Anything over your cost is the interest.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies