Reportable Event

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A transaction, such as a savings bond redemption or reissue (re-registration), that requires federal income tax reporting of all interest earned from the issue date of the bond to the date of the transaction. Savings bond redemptions ordinarily are reportable events or dispositions. A reissue transaction is a reportable event if a living owner, principal co-owner, surviving co-owner, beneficiary, or other person entitled to ownership (for example, an heir upon the death of persons named on the bond) is not named owner or principal co-owner in the new registration on the bond issued in the transaction. (See IRS Publication 550, “Investment Income and Expenses.”)