Solved
EE SAVINGS BONDS
I bought EE savings bonds in 1989 and cashed them in 2003.
I received a 1099int from bank.
Do I get to deduct my cost basis i.e. what I paid for them in 1989?
If so how do I do that?
Did the 1099INT show the whole gross amount? In what box? Only the interest should be in box 3. Do you have a breakdown from the bank for principal and interest? Yes only enter the interest in box 3. Subtract your cost from box 3. Did you get a separate 1099INT for the bonds or is your other bank interest also on the 1099 in box 1?
Oh, I assume you meant you cashed them in 2023 (not 2003)?
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