[/quote]
You implied that you didn't pay all accrued interest on all the savings bonds (owned by the same person) and I don't believe you can do that. My understanding is that it's all or nothing if you want to switch from deferring taxes. Or, you can redeem and pay taxes on a subset of bonds of course.
[/quote]
Looks like he included all the accrued interest on HIS savings bonds but not his wife's. This is perfectly legal. Not sure where you think he implied that. The math seems about right to me.
You implied that you didn't pay all accrued interest on all the savings bonds (owned by the same person) and I don't believe you can do that. My understanding is that it's all or nothing if you want to switch from deferring taxes. Or, you can redeem and pay taxes on a subset of bonds of course.
[/quote]
Looks like he included all the accrued interest on HIS savings bonds but not his wife's. This is perfectly legal. Not sure where you think he implied that. The math seems about right to me.
Statistics: Posted by jeff1949 — Thu Feb 22, 2024 1:40 pm — Replies 23 — Views 2987