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I bonds purchase with 1040X

I expect a better I bond rate in November. If I file an amended return (1040X) can I purchase I bonds when I amend my return. My filing deadline is Sept 15th.

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5 Replies

I bonds purchase with 1040X

sorry refunds on amended returns can't be used directly to but I Binds

Amended return. Don’t attach Form 8888
to Form 1040-X. A refund on an amended
return can’t be directly deposited to an
account or used to buy savings bonds.

I bonds purchase with 1040X

Why can't you buy the bonds yourself when you get the refund?   What filing deadline is Sept 15?   You can efile a 2020 return and amended return until Oct 15.   After that you can print and mail returns.   You have 3 years to file for a refund.

I bonds purchase with 1040X

When you amend a tax return your refund is sent as a paper check by the IRS.   There are no other options for how to get your refund for an amended return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I bonds purchase with 1040X

Thanks. There are limits on how many I bonds I can purchase annually. One avenue is via my tax return. I also max out by purchasing with cash as well.  But the tax return avenue lets me buy more I bonds than I'd otherwise be allowed. I'd hoped by amending my return I could take advantage of the likely increase in I bond interest rates set for November. Yes, my filing deadline on an extension isn't until October. Same issue.  

I bonds purchase with 1040X

Thanks. Very helpful.

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