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Old 03-01-2005, 09:49 AM
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EE and I Bonds

What is the name of your state?CO

My brother-in-law recently passed away. He and my sister owned several Series EE and I bonds jointly. I'm assuming that she will be taxed on all the interest on maturity dates as ordinary income no matter how long they were owned. Is that a safe assumption? What are the income tax consequences at date of maturity if we find some owned only by him?
  #2  
Old 03-07-2005, 05:57 PM
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Does anybody know how these bonds work after the owner's death? Assume his spouse inherits them. Thanks.
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Old 03-07-2005, 09:28 PM
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The interest is taxable as ordinary income to whomever cashes them, regardless of whether or not the original owner is deceased.

Snipes
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This post does not create an agreement to represent you before the IRS, nor does it invoke confidentiality regulations. Postings are based only on the information provided and you should consult a tax professional in your area before relying on information contained in this post.
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Old 03-08-2005, 09:36 AM
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Thank you.
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