First Post -- Redeemed EE Bonds, Income?

[BornAgain]

Hello everybody. :-)

I had in mind to properly introduce myself, but I've got this question that is worrying me right now and I'd like to just ask it straight away.

I redeemed all my EE savings bonds last month to pay some college tuition for myself. Getting into the chapter 7 forms (plan to file in March) I wonder if I just accidently boosted my 'income'.

I am above the median by aprox $1,000 (not including the bonds) and I pass the means test super easily and having filled out a 'trial' schedule J I pass that too. All this not including the redeemed savings bonds.

Now the bond redemption netted me just a bit over $1,000.

Does it get included in 'income' for the 'median income' test?

Does it get included in the 'means test' (form 22A)?

Does it get included in the Form 7 -- Stmt. of Financial Affairs, part 11: Closed Financial Accounts.?

Help?

And thank you so much.

[jribe]

yes the bonds count as income

[BornAgain]

yes the bonds count as income

Thanks for the reply. Is there a resource with this particular bit of information?

The interest portion I can understand. Return of principal though... that's like saying that if I close out a savings account with $1,000 then that $1,000 is 'income'.

Basically I'm still confused. :-(

Thanks for the help.