Saw this open item on another site and perhaps it is an interesting/expanded DA subtopic on ibonds…anyone have any insight or they are not buying gifts for relatives…a way to “transfer” wealth?
“1. If ibonds are purchased as a gift to a non spouse, is a gift tax return required or is this considered a present interest transfer and subject to normal annual exemption amount?
“2. And if multiple gift ibonds are again made in the same year to same nonspouse…what are the gift tax ramifications?
“Delivery would be through various years in the future given the TD $10k per delivery year rule”