| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 624.1 | EE bond gains are treated as interest | I18N::GLANTZ | | Mon Nov 29 1993 14:22 | 1 |
| Your gain is taxed as interest by the Feds; non-taxable by your State.
|
| 624.2 | | DSSDEV::PIEKOS | Zoo TV | Mon Nov 29 1993 14:30 | 5 |
| But I believe you might be able to further postpone the interest gains by
rolling the EE bonds into HH bonds. Then, the regular interest paid by HH
bonds is taxable as it happens...
John Piekos
|
| 624.3 | US savings bonds for childrens education | CSCMA::BALICH | | Wed Mar 12 1997 13:38 | 15 |
|
03/12/97:
I got a question:
If someone wants to purchase US SAVING BONDS for my childrens education so
when I cash out of them, I won't have to pay taxes on them if I use
the proceeds on my childrens education. How does one do this so uncle
sam doesn't look for his share of the redemption.
if so: Are these FED and STATE tax free ?
The reason why I ask
|
| 624.4 | Bonds tax-free for education | DECC::VOGEL | | Wed Mar 12 1997 20:28 | 10 |
|
Re .last:
The bonds must be bought in the parent's name, and not in the child's
name in order to qualify for this exemption. I believe there is
also an income limit, but I don't have any idea what that is.
Ed
|