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Author: JBeauty Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121169  
Subject: IBond - reporting interest Date: 4/27/2005 5:02 PM
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I bought an IBond 3/2004. I know you can either wait and report at redemption, or you can report interest annually as it accrues.

IBonds accumulate monthly, so I need to figure out before next year's taxes whether to report annually or at redemption. It would seem simplier to just do it at the end when the bond is sold.

What are the advantages/disadvantages of each way?

JBeauty

http://www.publicdebt.treas.gov/sav/sbitxrep.htm
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