Page 31 - Interest Income - Individuals Handbook

Cash Method Taxpayers

Cash

 If you use the cash method

of accounting, as most
individual taxpayers do,

IN you generally report the
interest on U.S. savings
bonds when you receive it.

 The cash method of
accounting is explained in

chapter 1 under
Accounting Methods. But
see Reporting options for

cash method taxpayers,
later.

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