I do NOT understand why I was told to use Form 5511. It makes no mention of death of a bond holder. Further scrutiny reveals this paragraph:
3. TRANSFER TO ANOTHER TREASURYDIRECT ACCOUNT I request/consent to transfer as indicated below the Treasury securities described in Item 2. By submitting this form, I certify that I understand: • the securities described will be removed from my TreasuryDirect account and transferred to the recipient’s TreasuryDirect account • the registration of the transferred securities will be changed to show the owner of the account receiving the securities as the single owner • that when the name of a living owner or principal coowner is eliminated from the registration of a savings bond, the owner or principal coowner must include the interest earned and previously unreported on the bonds to the date of the transaction on his or her Federal income tax for the year of transfer "
" will be removed from my TreasuryDirect account"
These securities are not being removed from my account but from my DHs account. Can someone explain why I am supposed to use this form ?
3. TRANSFER TO ANOTHER TREASURYDIRECT ACCOUNT I request/consent to transfer as indicated below the Treasury securities described in Item 2. By submitting this form, I certify that I understand: • the securities described will be removed from my TreasuryDirect account and transferred to the recipient’s TreasuryDirect account • the registration of the transferred securities will be changed to show the owner of the account receiving the securities as the single owner • that when the name of a living owner or principal coowner is eliminated from the registration of a savings bond, the owner or principal coowner must include the interest earned and previously unreported on the bonds to the date of the transaction on his or her Federal income tax for the year of transfer "
" will be removed from my TreasuryDirect account"
These securities are not being removed from my account but from my DHs account. Can someone explain why I am supposed to use this form ?
Statistics: Posted by nonnie — Tue May 21, 2024 8:14 pm