SERIES E BOND
Series E Bond are accrual bonds issued at the 75% of the face amount where the interest must be paid at redemption as part of the redemption value. The Series E bond may be reported for Federal income tax in three instances regardless of which comes first: redemption of the Series E bonds, reaching final maturity, or disposal of the bonds. Series EE bond took the place of Series E bond in the year 1980.
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