Form 8815 Write Off Bond Interest Used for Education

Forum|Forum|1 year ago
February 12, 2025
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I cashed in series EE bonds and on some of the bonds it lists myself OR my Mom, so I think the bond is in both of our names? I was not older than 23 when these bonds were issued but my Mom was. Could some of the bond interest be written off if I cashed them and went to college during the same year? Below is the exact format listed on the front of the bond:

To: My name

Mail to

Other relative name

Other relative address

Or: Mom name (no address is listed)

TurboTax Free Edition Online

Hal_Al

Employee

No, a child cannot be a joint owner of savings bonds used for education. The bonds must be registered in the name of the taxpayer, or the taxpayer and their spouse. The student may be a beneficiary, on the bond, but not a co-owner.

Reference: https://treasurydirect.gov/forms/savpdp0051.pdf page 3

"Question: Can a child be named as beneficiary on a paper or electronic bond for which the
interest exclusion will be taken?
Answer: Yes. Any person may be named as beneficiary without affecting the eligibility of the bond for
exclusion. A child may not be a co-owner or secondary owner of such a bond."