Hi,

I have a question about buying bonds for minor child.

Since there is yearly 30000 $ limit for an individual, once I exhaust that limit for me and my wife, I can not buy any more.

So if I buy another 30000 $ for my minor child and me as co-owner , when I cash the bonds after 6 months, I am liable for the
tax as I paid for the bonds. That means effectively I am buying 60000 $ of EE bonds on myself ( is that true ?. ) Am I allowed do it ?.

Thanks.