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Old 06-03-2015, 07:42 AM
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Convert Series EE Bond to 529 Plan?

I have a Series EE Bond that I would like to eventually convert into a 529 educational investment plan for grand kids. Is this something that I will be able to do tax-free, or will I still have to pay taxes on interest earned?



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Old 06-05-2015, 05:56 PM
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you can use the bb bonds relatively tax free if cashed and used for qualified educational expenses, which includes contributions to a qualified tuition program such as a 529 college savings plan.; Selling the ee bonds to convert into a Section 529 college savings plan is considered a qualified educational expense. The interest earned on Series EE US savings bonds issued after Dec 31, 1989 and all Series I bonds may be tax free when the bonds are redeemed to pay for qualified higher education expenses or rolled over into section 529 college savings plans, or etc.



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