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nsb1005
New Member

When you cash in EE bonds are they unearned income

do i have to pay taxes on my EE Bonds interest
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2 Replies
dmertz
Level 15

When you cash in EE bonds are they unearned income

Savings bond interest is unearned income.  It's federally taxable but not state taxable.

When you cash in EE bonds are they unearned income

I cashed in a lot of bonds in 2022.   I got receipts from Wells Fargo.  I wasn't expecting to get an actual 1099INT from WF but I just did!  If you didn't get a 1099 INT you just enter the total interest like a 1099 INT and put the amount in box 3.   Yes the interest is taxable for federal but usually not for state.  

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