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Education
I just figured out that Turbo Tax does allow input for Coverdell ESA contributions under US Savings bond interest, and I couldn't enter my contributions because I didn't meet all of the tax exclusion criteria. When I re-read (again!) IRS Form 8815 titled "Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989", the cashed US Savings bonds must meet these criteria: 1) the bonds must be series EE or I U.S. savings bonds issued after 1989 in your name, or, if you are married, they may be issued in your name and your spouse’s name, and 2) you must have been age 24 or older before the bonds were issued. Thanks!
May 31, 2019
9:13 PM