Comments on: Changing a living co-owner (or owner) http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/ Thu, 18 Mar 2010 04:22:14 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-52373 Mon, 07 Dec 2009 18:54:44 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-52373 Peter - I've edited the article above, as it was incorrect. See the new final paragraph. Thanks for bringing this to my attention. Tom Adams Peter - I've edited the article above, as it was incorrect. See the new final paragraph. Thanks for bringing this to my attention.

Tom Adams

]]> by: Peter http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-52221 Sat, 05 Dec 2009 17:06:47 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-52221 The last paragraph states that "You can change a bond's co-owner without the co-owner's permission by converting your paper bond to an electronic bond, then changing the registration yourself in TreasuryDirect". But in another article it says you need the co-owners permission to do this, Which is correct? The last paragraph states that "You can change a bond's co-owner without the co-owner's permission by converting your paper bond to an electronic bond, then changing the registration yourself in TreasuryDirect".

But in another article it says you need the co-owners permission to do this, Which is correct?

]]> by: Tom Adams http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-39108 Thu, 16 Apr 2009 14:46:35 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-39108 Kacey - yes, your mother would get a 1099-INT tax form reporting the interest earned by the bonds so far. Then, when you or your daughter eventually cash the bonds, you'll get a 1099-INT reporting all the interest the bonds have ever earned. You don't actually have to pay the tax twice, but you will. Your mother could change your name to your daughter's name without tax consequences. Tom Adams Kacey - yes, your mother would get a 1099-INT tax form reporting the interest earned by the bonds so far. Then, when you or your daughter eventually cash the bonds, you'll get a 1099-INT reporting all the interest the bonds have ever earned. You don't actually have to pay the tax twice, but you will.

Your mother could change your name to your daughter's name without tax consequences.

Tom Adams

]]> by: Kacey http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-39072 Wed, 15 Apr 2009 15:17:22 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-39072 My mother purchased bonds when I was a child (20 years ago)using her name as owner and my name as co-owner. Can I transfer them (with my mother's consent) to my and my child's names as co-owners? Will there be tax consequences for my mother? If so, what will they be? My mother purchased bonds when I was a child (20 years ago)using her name as owner and my name as co-owner. Can I transfer them (with my mother's consent) to my and my child's names as co-owners? Will there be tax consequences for my mother? If so, what will they be?

]]> by: Tom Adams http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-36547 Wed, 25 Feb 2009 15:49:11 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-36547 Patty - see these posts: <a href="http://www.savings-bond-advisor.com/savings-bond-social-security-numbers/" rel="nofollow">Correcting wrong SSN</a> <a href="http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/" rel="nofollow">Info on redemption penalties</a> <a href="http://www.savings-bond-advisor.com/how-to-recover-lost-savings-bonds/" rel="nofollow">Lost bonds</a> Tom Adams Patty - see these posts:

Correcting wrong SSN

Info on redemption penalties

Lost bonds

Tom Adams

]]> by: Patty http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-36513 Tue, 24 Feb 2009 16:04:58 +0000 http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/#comment-36513 My Grandmom wants to know how to change Social security numbers on a bond from the parent to the child it was intended for? Can she can in bonds without penalties? She lost some savings bonds how can she get them back? My Grandmom wants to know how to change Social security numbers on a bond from the parent to the child it was intended for? Can she can in bonds without penalties? She lost some savings bonds how can she get them back?

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