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Old 03-20-2008, 03:08 AM
Billy
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Default Re: Savings Bond (EE & I) as taxable Interest?


"softXXX" <soft[at]ware.com> wrote in message news:47E18B82.7090806[at]ware.com...
- quote -

> Last year I redeemed EE bonds (purchased in 1981) and
> I Bonds (purchased in 2001). Is the interest taxable
> as (Schedule B) Regular Interest or as Capital gains?
> TIA
> Remember it is State Tax Free also.!


--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 03-20-2008, 03:07 AM
softXXX
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Default Re: Savings Bond (EE & I) as taxable Interest?

Rich Carreiro wrote:
- quote -

> softXXX <soft[at]ware.com> writes:
> > Last year I redeemed EE bonds (purchased in 1981) and
> > I Bonds (purchased in 2001). Is the interest taxable
> > as (Schedule B) Regular Interest or as Capital gains?

> It's interest, not cap gains. Schedule B it is.


Thank you! Much appreciated...

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 03-20-2008, 02:03 AM
Rich Carreiro
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Posts: n/a
Default Re: Savings Bond (EE & I) as taxable Interest?

softXXX <soft[at]ware.com> writes:

- quote -

> Last year I redeemed EE bonds (purchased in 1981) and
> I Bonds (purchased in 2001). Is the interest taxable
> as (Schedule B) Regular Interest or as Capital gains?


It's interest, not cap gains. Schedule B it is.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 03-20-2008, 12:48 AM
softXXX
Guest
 
Posts: n/a
Default Savings Bond (EE & I) as taxable Interest?

Last year I redeemed EE bonds (purchased in 1981) and
I Bonds (purchased in 2001). Is the interest taxable
as (Schedule B) Regular Interest or as Capital gains?

TIA

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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bond, interest, savings, taxable
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