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.

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

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.