Do Savings Bond redemptions result in a 1099-INT or a 1099-B?
Thursday, December 2nd, 2004
Categorized as: Savings Bond taxes
When a Series EE or Series I savings bond is redeemed, do you get a 1099-INT or is it a 1099-B as if it were a sale? How is the redemption reported on your tax return?
It’s a 1099-INT. You report the income on Schedule B as interest earned. It will be taxed as ordinary income, not as capital gains income.