How to Read 1099-int for Hh Bonds
Cashing (Redeeming) Series HH Savings Bonds
Nosotros no longer offer Series HH savings bonds, but some nosotros issued in the past oasis't matured and are nevertheless paying interest.
On this page:
- What is my HH bond worth?
- What if my bond is still earning involvement?
- How do I cash my HH bonds?
- How do I authorize an attorney-in-fact to greenbacks my bonds?
- Will I become a form for my taxes?
- Tin can I find out if an HH bond has already been cashed?
What is my HH bond worth?
An HH bond is worth its face up value. If the bond says $500, it was bought for $500 and is now worth $500.
Note: If yous find a savings bond that belongs to someone else or buy a savings bond on an online sale site, you cannot cash it. Savings bonds cannot be transferred, sold, or traded.
Annotation: If y'all inherit a bond through the death of the bond possessor, run into "Death of a Savings Bond Possessor."
What if my bond is still earning involvement?
HH bonds earn involvement for up to 20 years. Interest is paid every 6 months. To encounter in which months we pay interest on your HH bond, run into "Rates and Terms for Serial HH Savings Bonds."
When y'all cash an HH bond, nosotros exercise not pay involvement for role of a six-calendar month interest earning menstruum. Therefore, it is wise to greenbacks an HH bond shortly afterward its interest-paying time.
If you lot send your HH bond in for redemption so that the bail is received in the calendar month before involvement is due, we will concord your bond until the following calendar month. For case, if you accept HH bonds that pay involvement in June and you send them in for redemption in May, Treasury Retail Securities Services will concur your bonds and your asking until June and then that you receive the June interest. They will greenbacks your bonds after the June interest has been paid.
How practice I cash my HH bonds?
Your local banking company or other financial institution cannot cash HH bonds.
Yous must consummate and sign FS Form 1522 (download or club). Your signature may need to be certified (see instructions on the grade).
Send the bonds, FS Course 1522, and whatsoever supporting documents (if needed), to Treasury Retail Securities Services, P.O. Box 2186, Minneapolis, MN 55480-2186.
Nosotros pay your HH bonds through directly deposit.
If y'all are non listed as the owner or co-owner on the bail, you lot must provide legal evidence or other documentation to prove y'all are entitled to cash the bond. (We don't return legal testify.)
Notation: Individual savings bonds may not be split up and must exist distributed in full.
How do I authorize an chaser-in-fact to cash my bonds?
For instructions, please come across FS Publication 0105, "Power of Attorney: United States Savings Bonds & Notes."
Volition I get a form for my taxes?
Yes. Nosotros mail an IRS Form 1099-INT by January 31 of the year post-obit whatever year in which we paid interest.
Also, if your bond carries deferred interest, we mail you an IRS Form 1099-INT after you cash the bond or it matures, whichever comes start.
For data on deferred interest and other tax matters, encounter Tax Considerations for Series HH Savings Bonds.
Tin I find out if an HH bond has already been replaced or cashed?
If yous have the series numbers for HH bonds, we can wait upward the status for you.
If you are the owner or co-owner of the bonds, send a signed request to the address below. Include the serial numbers of the bonds yous are request nearly.
If the owner or both co-owners take died, you must provide proof such every bit a re-create of the expiry document(due south), with your letter and explicate in the alphabetic character how you are entitled to information about the bonds. (We don't render a death certificate or other legal testify.)
Send your letter to:
Treasury Retail Securities Services
PO Box 2186
Minneapolis, MN 55480-2186
(Notation: Before Series HH savings bonds, nosotros issued Series H savings bonds. All H bonds have matured.)
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Source: https://www.treasurydirect.gov/indiv/research/indepth/hhbonds/res_hhbonds_hhredeem.htm
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