 |
 |
 |
 |
|
|
One of Tony's Series I savings bonds is issued in both his name
and the name of his daughter Ruth, who is 19. Tony doesn't report
the interest until they redeem the bond and immediately use all the
funds to pay for Ruth's college tuition.
The bond's interest is reported on ____.
|
Tony's tax return and is 100% taxable |
|
Ruth's tax return and is partially taxable |
|
Tony's tax return and is 100% exempt from taxes |
|
Ruth's tax return and is 100% exempt from taxes |
|
|
|
 |
 |
 |
|
