I'm the executor for my Fathers estate...he was 94 and passed away recently. His records are a mess, and in reviewing his tax returns for 2016 and 2017, I have a question:
2015& 2016 returns - each year has a 1099 form for (2) series HH bonds, each with recipient listed as : my Fathers name OR my (brother/sister)s name
the 2016 1099 form shows annual interest paid $7.50 each, Accrued interest reported $825.52
the 2015 1099 form shows annual interest paid $15.00 each, Accrued interest reported $0.00
How do I interpret this - does the 2016 1099 form showing accrued interest reported mean that the series HH bond was cashed in during 2016 ?
2015& 2016 returns - each year has a 1099 form for (2) series HH bonds, each with recipient listed as : my Fathers name OR my (brother/sister)s name
the 2016 1099 form shows annual interest paid $7.50 each, Accrued interest reported $825.52
the 2015 1099 form shows annual interest paid $15.00 each, Accrued interest reported $0.00
How do I interpret this - does the 2016 1099 form showing accrued interest reported mean that the series HH bond was cashed in during 2016 ?