My dependent childs 1099-INT for savings bonds

Question

Feb 8, 2009, 03:29 PM

moonsunsue

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Join Date: Feb 2009

Posts: 1

My dependent childs 1099-INT for savings bonds

My child has a 1099-INT for cashing in Savings Bonds which was used for College. The bonds were in her name. I am claiming her as my dependent so does she have to claim the interest. I am claiming her tuition expenses which the interest was used for. I'm confused.

Answers

Feb 18, 2009, 02:32 PM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,323	No, the interest is in HER name, so it goes on HER tax return. Unless it is a LARGE number (over $800), no tax return is needed. Comments on this post moonsunsue agrees: Super. Thanks for your help!

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