EE and I Bonds

[taxcurious]

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?

 

[taxcurious]

Does anybody know how these bonds work after the owner's death? Assume his spouse inherits them. Thanks.

 

[Snipes5]

The interest is taxable as ordinary income to whomever cashes them, regardless of whether or not the original owner is deceased.

Snipes

 

[taxcurious]

Thank you.