View Full Version : Are s.s. Savings bond tax exempt through living trust
MILLINNIUM MANAGEMENT
Mar 17, 2008, 12:09 PM
I received some u.s. savings bonds through my mothers living trust are they tax exempt since they were part of the estate that was exempt from taxes? The bonds are very old and most of the value is in the interest.
excon
Mar 18, 2008, 06:50 AM
Hello M:
IF the trust was tax exempt, you're not. If you own the bonds now, you must pay the income tax on them.
excon
JudyKayTee
Mar 18, 2008, 08:18 AM
i received some u.s. savings bonds thru my mothers living trust are they tax exempt since they were part of the estate that was exempt from taxes? the bonds are very old and most of the value is in the interest.
The moved out of tax exempt status when they moved out of the tax exempt estate.