I cashed in EE bonds totaling $480 in interest in 2006. I called the bank for a 1099 and they claim to have no record of my cashing in the bonds. I know the Federal Reserve keeps track, so I HAVE to report it. How do I explain this to the IRS? Any advice?
2007-03-07 00:57:21 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The bank should have given you a receipt when you cashed in your bonds showing the interest. You should use those to get your total to report to the IRS. I, too, have never gotten a 1099 from the bank on this income.
2007-03-07 01:29:06 · answer #1 · answered by 'lil red 1 · 0⤊ 0⤋
The Federal Reserve keeps track of it just put the amount on your tax form you do not need to substantiate it.
2007-03-07 01:04:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
List the interest on your return.
2007-03-07 01:29:15 · answer #3 · answered by Judy 7 · 0⤊ 0⤋