Hi - I have a bunch of savings bonds that have matured, that I neglected to use for my daughters college educational expenses. My daughter has since graduated. I would like to cash them in to use them as disposable income and avoid paying taxes on them. I have heard that I may be able to cash them in and avoid paying taxes on amounts equal to the amounts of scholarship monies my daughter received during her time in college. Any input if this is correct?
Thank you
