Bart Posted March 2, 2009 Report Posted March 2, 2009 When you cash US savings bonds and use the proceeds for college, the interest is not taxable. How do you show that on the tax return? Quote
TAXBILLY Posted March 2, 2009 Report Posted March 2, 2009 Form 8815 subject to limits. taxbilly Quote
RitaB Posted March 2, 2009 Report Posted March 2, 2009 Also, you can divide your deductible expenses between 8815 and 8863 (or the front of 1040) in order to acheive the best outcome. Just don't double dip. Quote
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