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View Full Version : My dependent child's 1099-INT for savings bonds


moonsunsue
Feb 8, 2009, 04:29 PM
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.:confused:

AtlantaTaxExpert
Feb 18, 2009, 03:32 PM
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.