Ibonds

Forum|Forum|4 years ago
March 24, 2022
1 reply
8 views

I have a client that wants to use his refund to purchase I Bonds. I have completed Form 8888 and the amount remaining for a "paper check" is zero. The client letter indicates the I Bond dollars will be issue to the client. I must be missing a box to check or something

ProSeries Professional

This topic has been closed for replies.

qbteachmt

Level 15

Like this?

"You can use all or part of your tax refund to purchase I bonds. Your request for bonds must be in increments of $50. Any remaining refund amount not used to purchase bonds will be mailed to you as a paper check or you may elect to have the remaining amount direct deposited into a checking or savings account."

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H

HB3Author

Level 2

Thank you for your response. Let me restate my issues.....The client letter has $4321 refund. $21 is applied to 2022 and the letter indicates that a check for $4300 will be mailed to the client.

I would have expected the client letter to indicate the $4300 is would be used to purchase I Bonds.

Is the letter right or wrong?

K

kdeerickson

Level 3

The standard letter is wrong. I edited the letter to state that $x,xxx amount was used to purchase Series I Savings Bonds.

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