Savings Bond 1099-INT document, Obtain

Forum|Forum|1 year ago
January 29, 2025
2 replies
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I redeemed and teller deposited several Series EE savings bonds (from the 1990's) at my brick and mortar bank in 2024. At time of redemption I did receive a receipt showing interest earned. I believe I have all receipts to arrive at a grand total for savings bond interest.

I am thinking my brick and mortar bank will not send me a year 2024 1099-INT statement reflecting total savings bond interest redeemed at their bank (about $2000). Are there any options or sites I can explore/visit to validate the savings bond interest dollar amount I have added up?

Best answer by SabrinaD2

There are a few resources to help you estimate the savings bond dollar interest amount:

The TreasuryDirect Savings Bond Calculator can help you to determine the value and interest earned on your Series EE savings bonds.
The Savings Bond Valuation and Verification Tool is another option to help you determine the value and interest
Contact your bank’s Customer Support to double-check if they will issue a 1099-INT for your redemptions.

Additional information can be found at TreasuryDirect by click here.

SabrinaD2Answer

There are a few resources to help you estimate the savings bond dollar interest amount:

The TreasuryDirect Savings Bond Calculator can help you to determine the value and interest earned on your Series EE savings bonds.
The Savings Bond Valuation and Verification Tool is another option to help you determine the value and interest
Contact your bank’s Customer Support to double-check if they will issue a 1099-INT for your redemptions.

Additional information can be found at TreasuryDirect by click here.

Jonathan1Author

Employee

Thank you for your comments. I appreciate your input.

VolvoGirl

Employee

I cashed in a lot of bonds in 2022. I got receipts from Wells Fargo. I wasn't expecting to get an actual 1099INT from WF but I did! If you didn't get a 1099 INT you just enter the total interest like a 1099 INT and put the amount in box 3. Yes the interest is taxable for federal but usually not for state.

dmertz

Employee

"I am thinking my brick and mortar bank will not send me a year 2024 1099-INT statement reflecting total savings bond interest redeemed at their bank (about $2000)."

They are required to issue a Form 1099-INT by January 31.

Jonathan1Author

Employee

Thanks. I received a 1099-INT from the bank that reflected the total of my savings account interest and interest I received from CD's purchased directly thru them. The interest I received from savings bonds redeemed at the bank was NOT included. Now, I am thinking since the bank was not directly the conduit for this interest or "owned" this interest - they are not reporting it to me because the interest did not emanate directly from their balance sheet.