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Redeemed 30 year series EE Bonds fully matured in 2018. How do I report the proceeds received, as income and interest, or just interest?

 
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Anonymous
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Redeemed 30 year series EE Bonds fully matured in 2018. How do I report the proceeds received, as income and interest, or just interest?

the interest is only entered once.as interest.  you will get a 1099-int from the bank or government,  make sure you enter in the correct box  It should appear in box 3 of the 1099.  it is only taxed once. box 3 denotes it as qualified US interest which is not taxable for states.  .so if you have a state return the amount should appear as  a subtraction.  note that not all state modules are currently available or up to date.    

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