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US SAVINGS BONDS

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Level 2
last updated ‎March 16, 2020 10:00 PM

Is their a way some one can gift a savings bond in their name to someone else without the person making the having to pay taxes?

I have an elderly client who gets hit with a large tax bill when she makes gifts of us savings bonds.

Thanks for any help.

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4 Replies 4
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Level 15
Level 15
last updated ‎March 16, 2020 10:00 PM

You want to nominee the bond interest to someone else?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 2
last updated ‎March 16, 2020 10:00 PM

How can they nominee the bond interest to the person they are giving the US SAVINGS BOND to?

Can they their bank is saying no.

Thanks, for any help.

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Level 14
last updated ‎March 16, 2020 10:00 PM

I think if you gift the bonds the tax consequences go along with the gift.

I think the US Savings Bond website contains this info. I researched this about a year ago and think that's where I found it.


ex-AllStar
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Level 2
last updated ‎March 16, 2020 10:00 PM

Thank you.  Not all Banks understand this.

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