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College bonds: a taxing Catch-22

Source: bankrate.com Posted By: Jason B...3355 days ago

I have a daughter in college and have Series EE bonds that were supposed to be tax deductible if she uses them for college. She will be a junior in the fall and needs money for tuition. The bonds are in my name. She is now 22. How do I cash the bonds and avoid having to pay for the interest if the money is going to her college education but I cannot use her as a deduction? She files her own returns now. Help.

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