Getting Series I Savings Bond with Tax Refund Under Child's Registration
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- Joined: Sun Jan 02, 2022 10:39 am
Getting Series I Savings Bond with Tax Refund Under Child's Registration
This past year when I filled out my taxes, I filed form 8888 to purchase I bonds with my tax refund. Under line 4 "Amount to be used for bond purchases for yourself (and your spouse, if filing jointly)" I put $0. Under line 5a "Amount to be used to buy bonds for yourself, your spouse, or someone else" I put $5,000 and on line 5b "Enter the owner’s name (First then Last) for the bond registration" I put my child's name. When I received the bond in the mail today it has my name OR my wife's name. Did I do something wrong or did the IRS screw up? Isn't the bond supposed to be registered for my child? How do you purchase bonds under someone else's name on form 8888?