social

Taxes and Savings Bond Interest?

We purchased savings bonds for our children when they were young to use for education, but they did not mature enough until children were out of college. The bonds were redeemed and the money was given to each child as gifts from us and deposited into their accounts. The totals each were under the $13,000. Since the bond interest was a gift to each child/adult, do we still have to show the interest on our tax return?

Advertisement

By Dee

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!

 
Categories
Budget & Finance Tax TipsJanuary 25, 2013
Pages
More
💘
Valentine's Ideas!
🎂
Birthday Ideas!
🍀
St. Patrick's Ideas!
Facebook
Pinterest
YouTube
Instagram
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2024-01-24 18:42:31 in 3 secs. ⛅️️
© 1997-2024 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/Taxes-and-Savings-Bond-Interest.html