Comments on: How to cash in a savings bond http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/ Sat, 07 Nov 2009 20:13:00 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49954 Mon, 26 Oct 2009 18:28:11 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49954 <b>Donald</b> - An April 1980 EE bond will earn its last interest payment during March, 2010. You should cash it in April 2010. <b>Angie</b> - No, banks aren't required to cash Savings Bonds. Tom Adams Donald - An April 1980 EE bond will earn its last interest payment during March, 2010. You should cash it in April 2010.

Angie - No, banks aren't required to cash Savings Bonds.

Tom Adams

]]> by: Angie http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49947 Mon, 26 Oct 2009 16:11:38 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49947 Do all banks have to cash savings bonds? Do all banks have to cash savings bonds?

]]> by: Donald http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49926 Sat, 24 Oct 2009 12:36:57 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49926 I have an EE bond which was purchased in April 1980. Will it stop earning interest in April 2010, or 6 months after? In other words, should I cash it on April 1st or October 1st? I have an EE bond which was purchased in April 1980. Will it stop earning interest in April 2010, or 6 months after? In other words, should I cash it on April 1st or October 1st?

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49897 Thu, 22 Oct 2009 16:13:01 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49897 William - your donor has to cash the bond himself, add the Savings Bond interest to his taxable income, give you the money, then take a charitable deduction on his tax return for the amount of the gift. The Treasury doesn't allow Savings Bond transfers to charitable organizations. Tom Adams William - your donor has to cash the bond himself, add the Savings Bond interest to his taxable income, give you the money, then take a charitable deduction on his tax return for the amount of the gift.

The Treasury doesn't allow Savings Bond transfers to charitable organizations.

Tom Adams

]]> by: William Cieslak http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49881 Wed, 21 Oct 2009 19:52:29 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49881 A donor wants to transfer his EE US Savings bonds to our 510c3 agency. How does he do this? Are there any income tax implications? A donor wants to transfer his EE US Savings bonds to our 510c3 agency. How does he do this? Are there any income tax implications?

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49839 Mon, 19 Oct 2009 16:37:11 +0000 http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/#comment-49839 <b>Jennifer</b> - If your daughter's name is listed first (or second with an OR between the names), you can technically sign for her because you're a custodial parent. However, some banks will only deal with the parent named on the bond. I can't predict what your bank will do. <b>Gina</b> - You can have the bond reissued to you using <a href="http://www.treasurydirect.gov/forms/sav5336.pdf" rel="nofollow">this form</a>. Follow the instructions on the form. <b>Larry</b> - Switching the bonds to electronic bonds is <a href="http://www.savings-bond-advisor.com/changing-a-living-co-owner-or-owner/" rel="nofollow">my advice as well</a>. Tom Adams Jennifer - If your daughter's name is listed first (or second with an OR between the names), you can technically sign for her because you're a custodial parent. However, some banks will only deal with the parent named on the bond. I can't predict what your bank will do.

Gina - You can have the bond reissued to you using this form. Follow the instructions on the form.

Larry - Switching the bonds to electronic bonds is my advice as well.

Tom Adams

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