I have some I-Bond with substantial amt of accrued interest. If I donate those bonds to a charitable organization ("CO"):
- who will report the accrued interest -- me? OR the CO? If CO, do they have to pay tax on the interest?
- what is my deduction -- face value or redemption value.
e.g. a $100 I-Bond with $120 accrued interest for a redemption value of $220. Who reports the $120 interest? And my charitable deduction would be $100? OR $220?
TIA