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I attempted to create an account but received an email saying “We are having difficulty verifying the information you provided when opening your account.” and want me to mail an authorization form to them and receive an account approval in 10-15 business days prior to me being eligible to purchase an I bond. Why so? Is there any way to work around this?
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My spouse was able to open an account without issues and purchased one for $10,000. At this point, can my spouse gift me one for $5,000 prior to the month end (because my account is on hold)? MAking the total bonds purchased from her account = $15000
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I should have purchased 10 x $1000 bonds. If I didn’t do that, and possess 1 x $10,000, must I sell the entire thing when the time comes? Or can I simply sell just $1000 worth at first and leave the remaining $9000 in the bond? And continue to sell in chunks as I please?
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We have 2 kids - a 3 year old and a 1 year old. They both have SSNs. Can I purchase I Bonds using their SSN with an intent to sell the bonds in an year or two without tax issues? If this is OK, should we file taxes for my young kids after sale? Also, must we use the profits from the sale of their I Bond towards their benefit only? Like toys…?!
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I have an EIN and an LLC. Must the funds for the bond come from the company’s business bank account or can I fund the bond with money from my personal bank account?
Submitted April 25, 2022 at 10:13PM by michael_curdt https://ift.tt/qHlPcBu
