taxmanbxb
Level 2
03-16-2020
10:00 PM
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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.
Just-Lisa-Now-
Level 15
03-17-2020
06:53 AM
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You want to nominee the bond interest to someone else?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
taxmanbxb
Level 2
03-18-2020
09:33 PM
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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.
sjrcpa
Level 15
03-19-2020
11:33 AM
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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.
The more I know, the more I don't know.
taxmanbxb
Level 2
03-26-2020
11:43 AM
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Thank you. Not all Banks understand this.