Comments on: Savings Bond registration and possession basics

by: Tom Adams

Mon, 26 Apr 2010 15:59:52 +0000

Janet - you can cash the bonds and give the money to charity (and take a charitable deduction on your taxes), but you can't give the bonds directly to a charity.

The 1099-INT reporting the interest income to the IRS will be issued in the Social Security Number of the co-owner who cashes the bonds, however, see this, too.

Tom Adams

by: Janet Domeier

Sat, 24 Apr 2010 01:50:01 +0000

I am inheriting some Series EE bonds from my Aunt's estate. I understand that I will use Form 1455 to reissue the bonds to me, but I also want to add co-owners to these bonds. And I undersatnd that I will need to complete Form 4000 for that. Who can cash these bonds with co-owners and who will have to pay the taxes? Can I gift any of these bonds to a charity and avoid paying taxes?

by: Tom Adams

Wed, 17 Mar 2010 15:47:30 +0000

James - You cannot get the name on the bonds changed. Your friend could, however.

But be aware that if these are EE bonds, your friend paid half the face value of the bonds.

Tom Adams

by: James

Wed, 17 Mar 2010 01:51:39 +0000

Hi, I have a friend who has some a couple saving bonds that he bought about 4 months ago to save but he lost his job so he asked me if I wanted to buy them. I need to know if theres any way I can get it changed from his name into my name.

by: Tom Adams

Mon, 16 Nov 2009 15:46:52 +0000

Kathy - the info you're looking for is here. The SSN on the bond is only used to track it if it is lost. Your mother can't cash the bonds unless her name is on them.

Tom Adams

by: Kathy

Sat, 14 Nov 2009 02:47:17 +0000

I received two Patriot Bonds Series EE from my mother and my last name was spelled terribly incorrectly. My mother's SS# was used on the bonds. Do I have to have the name corrected before cashing them and if so, how? Or can she cash them because her SS# is on them?