http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm Cheap Apple, Macintosh, Dell, Sony & more Sun, 13 Feb 2011 03:05:58 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm/comment-page-1#comment-2411 StephenWeinstein Fri, 09 Oct 2009 02:23:09 +0000 http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm#comment-2411 The rules pertaining to a savings bond used for "educational" expenses only apply if the savings bond was purchased by someone who was at least 21 years old at the time and several other requirements are met. If you were a child when the bond was purchased, then you will be taxed on the earnings, even if you use it for educational expenses. The rules pertaining to a savings bond used for "educational" expenses only apply if the savings bond was purchased by someone who was at least 21 years old at the time and several other requirements are met. If you were a child when the bond was purchased, then you will be taxed on the earnings, even if you use it for educational expenses.

]]> http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm/comment-page-1#comment-2412 jlf Fri, 09 Oct 2009 02:23:09 +0000 http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm#comment-2412 The interest from the bond is taxable income, period. Whether the laptop qualifies as a deductible educational expense is a separate question. The interest from the bond is taxable income, period. Whether the laptop qualifies as a deductible educational expense is a separate question.

]]> http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm/comment-page-1#comment-2413 tro Fri, 09 Oct 2009 02:23:09 +0000 http://www.usedlaptopsforsale.us/if-i-used-a-savings-bond-to-buy-a-laptop-for-college-would-i-be-taxed-on-it-or-is-it-an-educational-expense.htm#comment-2413 nope, you will be taxed on the interest the bond accrued you can use the Hope or Lifetime Credit or the new expanded version which is a bit more broad for educational expenses nope, you will be taxed on the interest the bond accrued
you can use the Hope or Lifetime Credit or the new expanded version which is a bit more broad for educational expenses

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