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209 Friday, October 28, Rules and Regulations DEPARTMENT of the TREASURY Fiscal Service 31 CFR Parts 351, 353, 359, and 360 Unit Form
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People also ask
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What is a reissued bond?
(l) Reissue means the cancellation and retirement of a bond and the issuance of a new bond or bonds of the same series, same issue date, and same total face amount.
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How to transfer savings bonds to another person?
Transferring the Savings Bond to the Inheritors For electronic bonds: Use Form 5511 to transfer the bond to themselves, or use Form 5512 to redeem (cash in) the bonds. For paper bonds: Use Form 4000 to reissue (re-register) the bond in their own names (in new electronic form), or Form 1522 to redeem the bonds.
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How do I speak to someone at TreasuryDirect?
TreasuryDirect customers: Our call center hours are Monday-Friday, 8am-5pm ET. You may signNow us at 844-284-2676.
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Can savings bonds be transferred?
Yes. The owner can transfer EE and I Bonds to another person with a TreasuryDirect account; however, you must wait five business days after the purchase date to transfer the bonds.
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Can I cash a savings bond made out to someone else?
You cannot cash them. You can only cash bonds that you own or co-own unless you have legal evidence or other documentation that we accept to show you are entitled to cash the bond.
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Who pays taxes on a transferred savings bond?
You are the original owner. You no longer own it. If you have not been paying tax on the bond's interest every year, you now owe tax on all the interest the bond earned while you owned it. You will not owe tax on interest the bond earns for the new owner.
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What happens to a savings bond when the owner dies?
If only one person is named on the bond and that person has died, the bond belongs to that person's estate. If two people are named on the bond and both have died, the bond belongs to the estate of the one who died last.
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