I cashed US savings bonds and used the proceeds to pay for kid's college tuition. However this resulted in no exclusion from taxes, but without explanation. Why?
Announcements
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
I cashed US savings bonds and used the proceeds to pay for kid's college tuition. However this resulted in no exclusion from taxes, but without explanation. Why?
I cashed US savings bonds and used the proceeds to pay for kid's college tuition. However this resulted in no exclusion from taxes, but without explanation. Why?
You can claim the deduction for the Treasury interest used to pay college tuition expenses on Form 8815.