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I am co-owner of an I bond with my mother - her name is first on the ond with her SSN - my name is second.

Question - if I cash the bond and deposit it into my bank account, Who is responsible for the taxes on the interest earned ?

I called a few local banks and some tell me I must pay taxes on the interest and others tell me my mother has to pay taxes on the interest even if I deposit the full value of the bond into my bank account.

Can anyone clear this up ?

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