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Savings Bond

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want2beamom
Love my boys soooo much!!!

Member since 8/06

10164 total posts

Name:
True love doesn't end with happily ever after...

Savings Bond

When you have a savings bond, you have to give a ss#. Most people use either the babies or the parents. We received one, and I think that the person used their ss#. Is this okay?

Posted 7/21/07 6:15 PM
 
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EmmaNick
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Member since 12/06

16001 total posts

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*

Re: Savings Bond

Posted by want2beamom

When you have a savings bond, you have to give a ss#. Most people use either the babies or the parents. We received one, and I think that the person used their ss#. Is this okay?



It's probably fine on just one. If you had a bunch of them from that person and they had his/her ss # on it, the IRS would come after them for the taxes on the earned interest I do believe.

Posted 7/21/07 6:45 PM
 

Lucky
Growing up fast!

Member since 4/07

12683 total posts

Name:
Dawn

Re: Savings Bond

It's not a problem at all. We asked at our bank b/c we had bought a savings bond without a baby's SS# and the bank said it would not be an issue.

Posted 7/21/07 8:56 PM
 
 

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