Series E bond

(redirected from Series E Savings Bonds)

Series E bond

A local and state tax-free bond issued by the U.S. government from 1941 to 1979, which was then replaced by Series HH bonds.

Series E Bond

In the United States, a formerly-issued savings bond, exempt from state and local taxes, with a fixed interest rate. These bonds were sold at three-fourths of face value and pay par upon maturity, which was originally 10 years, but later became 30 or 40 years. They began to be issued to help finance American involvement in World War II; they were known colloquially as war bonds. They were non-transferable and must either have been held or redeemed. In 1980, the government stopped issuing Series E bonds and replaced them with Series EE bonds. For a time, Series E bonds were exchangeable for Series H or Series HH bonds, but this is no longer the case.
References in periodicals archive ?
The exclusion is not available for bonds obtained as part of a tax-free rollover of Series E savings bonds into Series EE bonds.
If you have old Series E savings bonds or plan on buying savings bonds tot education or retirement, figuring out how much those bonds are worth or how to purchase new ones just got easier.
The IRS concludes, in Letter Ruling 9633006, that "[t]he proceeds in excess of the amounts contributed to the account are held to be investment income...because the assets in the account are of the type that produce investment income."What the Service ignores is that the decedent was not holding the pension account as an investment account (as would be the case with the decedent's brokerage account or Series E savings bonds).