Savings Bond Advisor archive for December, 2004

Do Savings Bond redemptions result in a 1099-INT or a 1099-B?

Thursday, December 2nd, 2004
Categorized as: Savings Bond taxes
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When a Series EE or Series I savings bond is redeemed, do you get a 1099-INT or is it a 1099-B as if it were a sale? How is the redemption reported on your tax return?

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Whose signature is needed to redeem co-owner savings bonds?

Wednesday, December 8th, 2004
Categorized as: Cashing in US Savings Bonds
14 Comments
Over the years we have purchased Series E/EE bonds. The bonds have been purchased on a co-owner basis with our grandchildren as co-owners. If we redeem them will our minor grandchildren need to sign them as well?

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Possession is 0% of the law

Thursday, December 9th, 2004
Categorized as: Inheriting and bequeathing US Savings Bonds • Lost or stolen US Savings Bonds • Savings Bond registration changes
20 Comments
When I filled out the forms to cash them, the Treasury said I couldn't have the money and instead gave it (almost $15,000!) to my father and his brothers and sisters. Whatever happened to possession is 9/10's of the law?

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What does the government do with Savings Bond money?

Friday, December 10th, 2004
Categorized as: Savings Bond FAQ
5 Comments
When I buy a savings bond, what does the government do with that money? Does it stay in a fund or get used to do government business?

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Finding out the giver of a Savings Bond

Tuesday, December 14th, 2004
Categorized as: Savings Bonds as gifts and prizes
10 Comments
I received a saving bond as a gift. How can I find out the person or persons who gave me the gift?

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Savings Bond Alert #009

Tuesday, December 14th, 2004
Categorized as: Savings Bond Alerts
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Treasury to allow conversion of paper Savings Bonds to TreasuryDirect

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Savings Bonds and 529 Plans

Wednesday, December 15th, 2004
Categorized as: Savings Bond college education deduction
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I am interested in converting my savings bonds to a 529 Plan. Please provide me with the appropriate information as to pros, cons and the proper procedure should I decide to move forward with this decision.

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When to buy savings bonds

Thursday, December 16th, 2004
Categorized as: Buying US Savings Bonds
8 Comments
I would like to purchase I bonds, probably through Treasury Direct. Can I bonds be purchased at any time during the year?

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Savings Bond Series EE face value confusion

Friday, December 17th, 2004
Categorized as: Series EE US Savings Bonds
12 Comments
Why would I buy an EE savings bond online if I pay dollar for dollar, rather than buy a paper bond at a bank and pay only half the dollar value?

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Which of my Savings Bonds should I cash in?

Monday, December 20th, 2004
Categorized as: Cashing in US Savings Bonds
30 Comments
I have to cash some savings bonds. To decide which ones to cash, do I use the rate or the yield? Is it better to cash in the most recent ones having earned little interest or older ones?

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Redemption value of H bonds

Tuesday, December 21st, 2004
Categorized as: Series HH or H US Savings Bonds
9 Comments
I have a $1,000 Series H U.S. Savings Bond issued in September 1955. How do I find out the value? All Savings Bond Calculators that I have tried do not have Series H as a selection.

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Changing the SSN for HH bond interest

Wednesday, December 22nd, 2004
Categorized as: Series HH or H US Savings Bonds
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What form is used to change the Social Security Number that Series HH interest is reported under?

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Savings Bonds as emergency funds

Thursday, December 23rd, 2004
Categorized as: Savings Bonds and competitive investments
2 Comments
I know that you can't cash in a series EE savings bond within a year, but what happens if it is a real financial emergency and the funds are needed?

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Penalties for not cashing mature savings bonds

Friday, December 24th, 2004
Categorized as: Stinker bonds
26 Comments
Is there a penalty incurred for not cashing in E bonds when they mature?

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I won a Savings Bond! Now what?

Monday, December 27th, 2004
Categorized as: Savings Bonds as gifts and prizes
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My daughter won a $100 savings bond in November 1996 through her school. Do I need to do anything before the 30-year interest is up? Do we cash it in at that time?

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Inherited Savings Bonds

Tuesday, December 28th, 2004
Categorized as: Inheriting and bequeathing US Savings Bonds
3 Comments
I am being appointed executor of my sister's estate. It consists of Series E and EE bonds. An accountant has recommended dividing the bonds and cashing a few at a time over future years. I would appreciate your suggestions.

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How long to reach face value

Wednesday, December 29th, 2004
Categorized as: Series EE US Savings Bonds
10 Comments
How long does it take a savings bond to reach face value?

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How to buy a gift Savings Bonds for a non-citizen godson

Thursday, December 30th, 2004
Categorized as: Savings Bonds as gifts and prizes
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I'd like to start buying savings bonds for my godson, who isn't a US citizen and doesn't have a social security number. What options are there to purchase savings bonds in his name on an annual basis?

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