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    moonsunsue's Avatar
    moonsunsue Posts: 1, Reputation: 1
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    #1

    Feb 8, 2009, 04:29 PM
    My dependent child's 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.:confused:
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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