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February 14, 2025
Question

US savings bond I series is jointly held. Does the cost basis of the bond change to the current market value for the date of death if one of them passes away?

  • February 14, 2025
  • 2 replies
  • 0 views
Jointly held by husband and wife. As in, step up in basis valuation.

    2 replies

    VolvoGirl
    Employee
    February 14, 2025

    I don't think so.  It's just interest that's accumulating.  You will pay the tax on the interest when you cash them in.  

    VolvoGirl
    Employee
    February 14, 2025