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    MILLINNIUM MANAGEMENT's Avatar
    MILLINNIUM MANAGEMENT Posts: 2, Reputation: 1
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    #1

    Mar 17, 2008, 12:09 PM
    Are s.s. savings bond tax exempt through living trust
    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    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's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    Mar 18, 2008, 08:18 AM
    Quote Originally Posted by MILLINNIUM MANAGEMENT
    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.
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