Kathy1225
Level 2
04-10-2022
04:13 PM
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redeemed 2 bonds for dependent's college expenses. Supposed to be Federal
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rbynaker
Level 13
04-10-2022
04:16 PM
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Take a look at Form 8815.
BobKamman
Level 15
04-10-2022
04:21 PM
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Last time I had one of those, the AGI was too high. Looks like the limit now is $98,200 single or HH, $154,800 if MFJ. Don't buy bonds, it only encourages them.
Kathy1225
Level 2
04-10-2022
05:02 PM
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That was the problem with my situation. I ended up on the IRS website and saw that the AGI for my client was too high. You know it's time to call it a day when you had made a note of the same situation for the same client from 2 years ago. This tax season can't end soon enough for me! Thanks for your time!
Kathy1225
Level 2
04-10-2022
05:03 PM
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Thanks I did look up 8815 and realized his AGI was too high.
