need an cpa. i have a question.

Discussion in 'Community Board' started by mom2cookies, Jan 28, 2013.

  1. mom2cookies

    mom2cookies DIS Veteran

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    Any CPA onboard that would be willing to answer a question for me? regarding EE bond my DD cashed in last year.
     
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  3. mom2cookies

    mom2cookies DIS Veteran

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  4. soccerdad72

    soccerdad72 DIS Veteran

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    I'm not an active CPA, but maybe I could help answer your question.
     
  5. tOSU

    tOSU Mouseketeer

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    I will go out on a limb here & say that most CPA's are a little busy this time of year...
     
  6. mickeyboat

    mickeyboat <font color=660099>Nothing like the cream and choc

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    Not a CPA, but would recommend checking the irs.gov website. It is pretty helpful.
     
  7. Tinker'n'Fun

    Tinker'n'Fun <font color=purple>"apple", peaches, "pumpkin pie"

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    I can tell you when my children cashed theirs in, if my social was on it at all I received a form to put on my income tax, and they did if it was just under theirs.

    I have no clue the question but I remember being surprised that it was included in my income. So maybe you are too.
     
  8. ariel71

    ariel71 Mouseketeer

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  9. Green Tea

    Green Tea <font color=green>I don't do hatchets<br><font col

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    I am not a CPA but have read up on the US Savings Bonds because my children have them.

    If it was in your name (Your child can not even be a secondary owner listed on the bond) and it was cashed in for qualified educational expenses, then it is tax free.

    If it was in your child's name and they cashed it in, it is fully taxable, regardless of whether it was used for education.
     
  10. mom2cookies

    mom2cookies DIS Veteran

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    THanks everyone for their replies. Sorry its been a while, i lost the thread ( as usual ). GreenTea, you answered my question pretty much. : )
     

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