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The exclusion of interest on educational savings bonds: a.Applies only to savings bonds owned by the child. b.Means that the child must include the interest
The exclusion of interest on educational savings bonds:
a.Applies only to savings bonds owned by the child.
b.Means that the child must include the interest in income if the bond is owned by the parent.
c.Applies to parents who purchase bonds for which the proceeds are used for their child's education.
d.Does apply even if used to pay for room and board.
e.None of these choices are correct.
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