2007-09-20 08:00:01 · 3 answers · asked by Andrew S 2 in Business & Finance ➔ Other - Business & Finance
Yes, I believe most banks will "redeem" them.
2007-09-20 08:08:23 · answer #1 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
If the bonds are on your mothers call the tax criminal accountability is hers not yours. interest on decrease fee expenditures bonds is compounded 12 months to 12 months on a quarterly foundation. the owner of the bond will pay the tax whilst it is redeemed. it is subject to tax on the fee which you pay your generic taxes.There are no capital effective factors taxes. while you're purpose on cashing them in it is beneficial to unfold the redeemption over quite a few years. this could decrease you adjusted internet earnings.
2016-12-17 06:11:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is not a sell , it is a redemption , & it is at the bank .
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2007-09-20 08:08:37 · answer #3 · answered by kate 7 · 0⤊ 0⤋