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Hello and thanks you for using Just Answer. You must report the interest earned on Form 1040, line 8b. You can find the interest earned each year at http://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm.
Sorry my question is do you have to report the interest every year or only wnen it matures or you cash it in
I am back
You have the choice of reporting interest earned on savings bonds in several ways. Whenever you report savings bonds interest, it should be included with other interest income on your federal income tax return.
Thank you my friend said that there was a change this year and you had to report interest on an annual basis