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mlktwins

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Everything posted by mlktwins

  1. I get it as I care for my elderly father. Can you see if the helper can stay later that day with pay (of course) or a little extra bonus? Might be worth it for you not to have to get her and take her home.
  2. My dad has accounts at 5-6 banks/credit union accounts (long time member). Even though several of them used to do it, only one of them now redeems bonds. It is not so common here anymore and we live in No. VA near DC. My husband had to send in some Series HH bonds for redemption. My dad could have redeemed his Series EE bonds at his credit union if he were able to get there and sign them. I have just a few of my own Series I bonds that I think I might just move into a Treasury Direct Account. Same with my boys. They don't mature until sometime in the 2030's.
  3. There is now only one bank/credit union in my area that will redeem savings bonds. If I could get my dad to one of his credit unions, they would do it, but they will not let me do it as POA and secondary trustee. I have to mail them all in - PITA. You mail them into Treasury Direct.
  4. Not really the case. I posted IRS Pub 550 above.
  5. You won’t get a 1099 until you redeem them.
  6. https://www.irs.gov/pub/irs-pdf/p550.pdf (Page 10) Reporting options for cash method taxpayers. If you use the cash method of reporting income, you can report the interest on Series EE, Series E, and Series I bonds in either of the following ways. 1. Method 1. Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. (However, see Savings bonds traded, later.) Note. Series EE bonds issued in 1993 matured in 2023. If you have used method 1, you generally must report the interest on these bonds on your 2023 return. 2. Method 2. Choose to report the increase in redemption value as interest each year. You must use the same method for all Series EE and Series I bonds you own. If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. This says the earlier of the year you cash the bonds or the year in which they mature. I am just going to do the amendments and be done with it. It was only 2020-2023 that are an issue for us and I can do 2023's correctly. I shouldn't have to amend state taxes since interest from savings bonds is exempt at the state level, but I will double check that too.
  7. I will let you know when I know for sure!
  8. Yea, the concern is with the actual taxes. I am wondering if the IRS link posted is assuming the bond was redeemed before they matured. Many articles say to include as interest income in the year matured and to amend returns if that didn’t happen. But then what happens if I do that and then the 1099 shows that they were all redeemed in 2024. This is such a headache. I just want to do it correctly and be done with it at this point. It is a lot of bonds!
  9. That is talking about if you redeemed the bonds. He has not redeemed matured bonds since 2020. You are to report the interest on matured bonds in the year they mature, even if you don’t redeem them during that year.
  10. If you or your parents have matured savings bonds that haven't been cashed in, please know you/they should have been including the interest on federal taxes in the year they matured - not the year they are actually cashed in. I wish I had know this in 2020, 2021, and 2022 for my dad's taxes. Was totally not on my radar. And he had quite a few that matured in 2022 that haven't been cashed in so that is 😬😔. I am doing that now with my POA and it is a pain because they have to be sent in and all kinds of fun stuff. Anyway, learn from my mistakes if y'all have any old savings bonds sitting somewhere. I made a ton of extra work (and big headaches) for myself. Please don't quote as I will probably delete this in a few days.
  11. We are adding them as we see them. Think we are caught up at the moment.
  12. Yes, definitely check! Both of my son's schools do offer on-line options, but both have had all their classes in-person their first 2 semesters.
  13. Are you asking whether the trees will be green and lush in April? Or what in particular do you want to see? My son goes to school right there. If I don’t have an answer for you, there are a lot of local parents on the college FB page I can ask. I know it is beautiful in the fall when the leaves change.
  14. I agree this is one of the more worthwhile ones. I believe this is usually offered to juniors/seniors?
  15. I take our expired meds to a CVS med drop off box. They are located near the pharmacy. They do have some rules so I would look at those, such as amounts of liquid meds allowed, before you go.
  16. My son has started receiving some emails for academic honor societies. We researched one of them and decided it wasn't worth it (NSCS). He went to an info session for Eta Sigma Phi today so we will see. I don't know anything about the particular one you are asking about though. I am new to all of this too. I have told my guy to see what is involved/requirements of the chapter. I added that participation in the honor society is probably as/more important than just having it to note on a resume. I want him to look at clubs and honor societies related to his major and to see what else comes down the road for him as an upperclassman. I also searched on his school's FB parent groups to see what was said about the particular honor societies he received emails from.
  17. I 2nd the orange chicken! I go just to stock up on it. We also like their tomato soup in the box, and pumpkin bread mix (seasonal). I know someone else said no, be we love any of the chocolate Jo-Jo’s here. Better than Oreos for us.
  18. My boys are using Earth Breeze laundry sheets at college - figured it was easier not to have liquid running all down the sides of the Tide bottle in their dorm rooms -- LOL. They work fine on my stinky boys. They don't get dirty - like working in the yard dirty - but they are certainly stinky boys (especially the one that works out hard at the gym at school). I tried them at home first and I thought they worked fine.
  19. Why do you put yourself and your family through this experience 😳? You know how it turns out every time. I guess I am getting old and crotchety 🤪, but I would not continue to ruin my family holidays if this is what happens every time.
  20. My washing machine just died. I am literally looking at many loads of dirty clothes as both of my boys came home from college yesterday. One brought me a gift of 3 weeks of dirty clothes 😆. I am heading to the laundromat tomorrow morning to get caught up. DH and I are looking for a top load that doesn’t have an electronic programming board (we are going to for knobs and dials this time). We don’t want a Whirlpool again. Need a good size drum to do larger loads. Any recs (or ones not to buy) very welcome!
  21. My boys have chosen to use Lume. It isn’t perfect, but better than not using anything. Worth a try for sure.
  22. I still old school reconcile too - to the penny 😁. I am the bill payer in the family and I am the one who checks the accounts and makes sure everything is as it should be. But it is ok to stop for sure!!!!
  23. I think you should just take your assigned dish and the sides your family likes. People don't have to eat them🤷‍♀️. I'm glad you mom is being flexible though! We had an issue for several years when we were having Thanksgiving at my BIL's (they took over Thanksgiving at their house when my in-laws got older). My FIL LOVES turkey and mashed potatoes, but my BIL said we weren't having mashed potatoes. I said I'll bring them. He said they aren't on his diet (he was dieting at the time) and not to bring them. I told him not to eat them then. Let's tell an 85+ year old man he can't have mashed potatoes for Thanksgiving. Good grief. I brought them anyway.
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