Savings bond an asset? Not under student’s SSN

Paying for College
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Let’s return focus to the OP’s question. She did not ask if savings bonds are a good investment or if people still give them to newborns.

I’d highly “suggest” that the users typing currently whose responses will go below this post edit to comply.

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She is the beneficial owner (by sent to you I assume you mean gifted) so yes she should report it. Given the “bearer” nature of savings bonds (meaning the financial benefit accrues to the person in physical possession), however it would be impossible for this to be tracked back to your daughter until she cashes them.

I am not suggesting a course of action just stating facts.

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OP. I do think the bond could be transferred to your daughter But right now, the uncle seems to be the owner. Check the treasury direct website for correct info and guidance. Good luck!

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This is from a page to banks on how to cash bonds - and what NOT to do:

"Prohibited: Do NOT cash bonds or notes presented and signed by:

  • an attorney-in-fact (an individual acting under a power of attorney);
  • a step-parent on behalf of a minor;
    -someone whose name is the same as, or similar to, the bond owner’s name when you know that the presenter is not the owner and not entitled to payment; or
    - someone whose name appears only in the address in a bond’s inscription after the words “Mail to.”

The final one appears to be this situation (“mail to”)

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