Tax-deferred rollovers of EE to I Savings Bonds
Thursday, February 10th, 2005
Categorized as: Savings Bond taxes • Series EE US Savings Bonds • Series I US Savings Bonds
Can EE savings bonds be converted to I bonds without having to pay taxes on the interest earned? Is there any way to rollover EE bonds into something else and not pay tax on the earnings of the EE bonds?
The only way to move your money between Series EE and Series I bonds is to redeem one and purchase the other. This always creates a taxable event.
Now that HH bonds aren’t available, there’s no longer any way to continue tax-deferment after a Savings Bond reaches final maturity and stops paying interest. No rollovers, no sign-overs, no do-overs.
You know that saying about death and taxes? Meet taxes.