Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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If you have treading account, just fund it and get $USFR.
USFR pays 5.30% Dividend every month.
No hassle to open new accounts/transfer money and lock money in CD. Also easy on tax filing to...
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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Wrong. The INTEREST is taxed, but not the value of the bond.
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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They have been fudging inflation numbers for a lot more reasons than that imo. They have 34+ trillion dollars in debt to service and a lot of it comes due each year\month (esp T-bills and Notes) and...
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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true the gov is faking inflation data so they pay less on I bonds right now even though inflation is actually 10-20%
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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That's what I thought. Thanks for confirming.
I have some i-bonds approaching maturity. Been procrastinating. Will study up on this.
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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My post was in response to a question regarding taxation, not timing or alternative investments.
That said, I do agree with your comment regarding the current I-bond rates.
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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This.
As to when to sell, with T-bills yielding 5.3+% and banks CDs at or near 5% depending on the term, there is no reason imo to hold onto the I-bonds bought when the rate was 7-9+% as it is now...
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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Lots of incorrect advice being given to you.
Interest is taxable at the federal level as ordinary income. For states with an income tax, it is exempt at the state level.
For federal taxes, you...
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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If you bought under 1 year and sell so you must get 3 month interest earned loose
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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Yes it’s tax free
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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12 Replies
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Could be mistaken, but I Bonds, when sold, are taxed like regular income (not capital gains or preferred dividends). Also, remember that you loose the past 3 months of interest when sold.
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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What are the tax implications selling my I Bonds? Are they tax free? Thanks.
Time to sell your I Bonds
Thread created 02-26-2024 by moremoola
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12 Replies
2,151 Views
Depending on your purchase date, I bonds are paying less than 4%. Many CDs are paying over 5%.
https://www.investopedia.com/still-have-i-bonds-march-1-is-a-smart-time-to-swap-them-for-a-cd-8598642
