Barbara Ginty
👤 PersonAppearances Over Time
Podcast Appearances
Thank you for having me.
Thank you for having me.
Thank you for having me.
For the electronic savings bonds, you have to set up an account to purchase them with treasurydirect.gov. And then you were purchasing them in the name of each recipient. So each nephew has their own. Right. Perfect.
For the electronic savings bonds, you have to set up an account to purchase them with treasurydirect.gov. And then you were purchasing them in the name of each recipient. So each nephew has their own. Right. Perfect.
For the electronic savings bonds, you have to set up an account to purchase them with treasurydirect.gov. And then you were purchasing them in the name of each recipient. So each nephew has their own. Right. Perfect.
So they should be showing then inside on the treasurydirect.gov website, when you're purchasing it in someone else's name for the intention of a gift, they should show in what's called your gift box. So when you log in, you'll see your gift box inside of that online portal with the government? Absolutely. I see all of them in there. Here's the trick.
So they should be showing then inside on the treasurydirect.gov website, when you're purchasing it in someone else's name for the intention of a gift, they should show in what's called your gift box. So when you log in, you'll see your gift box inside of that online portal with the government? Absolutely. I see all of them in there. Here's the trick.
So they should be showing then inside on the treasurydirect.gov website, when you're purchasing it in someone else's name for the intention of a gift, they should show in what's called your gift box. So when you log in, you'll see your gift box inside of that online portal with the government? Absolutely. I see all of them in there. Here's the trick.
Your nephew then needs to set up his own treasurydirect.gov account. And then once he does that, you would go in your gift box and select that nephew's. treasury bonds or savings bonds. And then you would, it's like three steps, but essentially you would highlight the ones you're gifting in his name and he has his account set up.
Your nephew then needs to set up his own treasurydirect.gov account. And then once he does that, you would go in your gift box and select that nephew's. treasury bonds or savings bonds. And then you would, it's like three steps, but essentially you would highlight the ones you're gifting in his name and he has his account set up.
Your nephew then needs to set up his own treasurydirect.gov account. And then once he does that, you would go in your gift box and select that nephew's. treasury bonds or savings bonds. And then you would, it's like three steps, but essentially you would highlight the ones you're gifting in his name and he has his account set up.
And then you would click deliver and it would be delivered to his account.
And then you would click deliver and it would be delivered to his account.
And then you would click deliver and it would be delivered to his account.
There may be some taxes, but that is where you really want to talk to a tax professional.
There may be some taxes, but that is where you really want to talk to a tax professional.
There may be some taxes, but that is where you really want to talk to a tax professional.
From the difference in the original value versus the value when the recipient receives it. So it will have grown in value. And so what Kay purchased versus what her nephew is going to receive, there is going to be a gain in the gift, right? From what she spent versus what he's going to receive. And that is where the taxation will come.
From the difference in the original value versus the value when the recipient receives it. So it will have grown in value. And so what Kay purchased versus what her nephew is going to receive, there is going to be a gain in the gift, right? From what she spent versus what he's going to receive. And that is where the taxation will come.