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Subject:  Re: ee bonds tax rate Date:  11/19/1998  3:35 AM
Author:  gapfan Number:  6382 of 127753

<<<Do EE Savings Bonds that have been cashed in after being held more than a year get taxed at the 20% rate?>>>

No, bonds pay interest and that is taxed as ordinary income. It can be declared yearly or deferred until cashing. You cannot switch between the two methods.

gapfan :-)
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