Page 43 - Interest Income - Individuals Handbook
P. 43

Both co-owners' funds used












                                                                                         Co-owners




                                                                                          If you and the other co-owner each
                         01                    02                                             contribute part of the bond's purchase

                                                                                              price, the interest is generally taxable to
                                                                                              each of you, in proportion to the amount
                                                                                              each of you paid.





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