Client cashed in a savings bond this year. Curious who she will receive a tax document from - the bank where she cashed it? Or the governmental entity that issued it?
Ok, maybe not. It comes from the bank that gave the client the cash - I just wanted to put an end to George's excitement about everybody giving the same answer. 😬
But what about the dog that did not bark in the night? Client did not cash the bond in the year it stopped collecting interest, even though it becomes taxable at that point anyway. Who sends the 1099?
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