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Old 03-30-2014, 01:07 PM   #21
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Aw shuuuucks! That sounded too good to be true! Thanks for the article. I'll read it and see if I can figure out any possible way..........

Maybe retitle them to my son, hopefully making him responsible for the tax due, and then he xfers the money to the kids' 529b's and avoids the tax?

Having these EE's turn out to be tax free would be a happy day!
That might work. I've been thinking of doing similar but haven't tried it yet. If I'm reading the regulations correctly, your son must have been at least age 24 when the bonds were initially issued.
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Old 03-30-2014, 01:23 PM   #22
Thinks s/he gets paid by the post
 
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That might work. I've been thinking of doing similar but haven't tried it yet. If I'm reading the regulations correctly, your son must have been at least age 24 when the bonds were initially issued.
I think you have it wrong, the parent must have been 24, not the child.

Also, if you were to transfer ownership in title to your child, this is a re-titling event, isn't it? You would trigger a taxable event on all interest up to the transfer date.
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