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So I cashed a savings bond...?
Omg. I cashed in a savings bond of mine for 50 dollars that I found (I'm only 16) and I'm paranoid that my parents are gonna find out. Other than them noticing a bond is missing, will they find out?
1 Answer
- Anonymous1 decade agoFavorite Answer
Let's see. You cashed it. You gave your name and SSN to the bank so they can issue you a 1099-INT for the interest (not much) in January 2011. If you have a filing requirement, this interest needs to be added to your income when you file your taxes next Spring.