I have a question for those of you who have done the IBond Gift Delivery to your spouse.
So, DW got a $10,000 I-bond for this year 2022, and in addition, I gifted her another $10,000 which I can deliver to her on Jan. 2023.
However, I'm now seeing that the IBond has gained Interest earnings, so it will be more than $10,000 in balance by Jan. 2023.
Let's say by Jan. 2023 - the Ibond Gift Balance is $10,500.
Does this mean I can only deliver $10,000 to my wife's balance for 2023 (with the $10,000 limit), and leave the $500 to transfer for the following year 2024?
Thanks.
So, DW got a $10,000 I-bond for this year 2022, and in addition, I gifted her another $10,000 which I can deliver to her on Jan. 2023.
However, I'm now seeing that the IBond has gained Interest earnings, so it will be more than $10,000 in balance by Jan. 2023.
Let's say by Jan. 2023 - the Ibond Gift Balance is $10,500.
Does this mean I can only deliver $10,000 to my wife's balance for 2023 (with the $10,000 limit), and leave the $500 to transfer for the following year 2024?
Thanks.