hmm, so were you the beneficiary of the I-bond? and are you keeping the I-bond/s ?I am executor for my mother and I am paying iBond tax on her final return, which was decent chunk of interest but still below her standard deduction (so no tax owed). I think that works but I have not submitted return yet. Saved one bond from 2008 that was ~1% fixed sold the rest later as part of the estate.
I may have asked this question to the CPA years ago, not sure I could track down that answer or the final 1040 from the estate.
Statistics: Posted by elpollo — Sat Mar 30, 2024 11:25 pm — Replies 13 — Views 2055