Assuming a taxpayer qualifies for the exclusion treatment, the interest income on educational savings bonds:

Group of answer choices

Is gross income to the person who purchased the bond in the year the interest is earned.

Is gross income to the student in the year the interest is earned.

Is included in the students gross income in the year the savings bonds are sold or redeemed to pay educational expenses.

Is not included in anyones gross income if the proceeds are used to pay college tuition.

None of these.