Question

Do I need to file amended return?

Forum|Forum|2 years ago
November 21, 2023
1 reply
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I cashed five EE savings bonds earlier this year and expect to receive a 1099-INT for the earned interest. However all of these bonds matured in either 2012 to 2020. Do I need to file an amended return for these years and what, if any penalties might I expect?

X

xmasbaby0

Employee

No you do not need to amend your returns for the previous years. You received the interest in tax year 2023, so that is the year in which you enter the interest. It goes on your 2023 tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I

InsagnAuthor

That was the answer that I was hoping for, but I am still a little concerned since the IRS says that I needed to pay taxes when I cashed them or when they matured, whichever occurs first. All of mine matured before I cashed them.