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A taxpayer who purchases a Series EE U.S. savings bond must report the interest income (i.e., increase in value) on the bond on the date
A taxpayer who purchases a Series EE U.S. savings bond must report the interest income (i.e., increase in value) on the bond on the date the bond is redeemed, or the taxpayer can elect to report the interest currently in income. Under what circumstances should a taxpayer report income at maturity? Under what circumstances is it more advantageous to report income currently?
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