How can I sell this dumb I bond my dad bought me when I was born in 1998?
He bought me a $10,000 I bond when I was born and he gave it to me when I graduated high school.
- ernesthintonLv 64 years ago
The last answer is wrong: An I-Bond is not a marketable security: You do not need a broker to sell it: Go online: It depends on whether your father bought it as a Legacy treasury investment or treasury direct investment: If you have the actual tangible bond in your hand, it is a legacy: Just complete the back and take it to your local bank
I qualify to answer this question because I have plenty of I-bondsSource(s): https://treasurydirect.gov/
- Anonymous4 years ago
The earliest I bonds were issued 5/1997 and a $10,000 bond would be worth $26K now. Nice gift, even after you pay the taxes on $16K of interest.
By the way, if you do cash in the bond, if it's now, you'll be subject to kiddie tax.
- old timerLv 74 years ago
I have no idea what you're talking about, but if your dad bought a $10,000 bond for you when you were born and you're calling it dumb, than give it back to him you ungrateful little shlt
- shipwreckLv 74 years ago
Make sure you understand the taxes that you will owe on the income before you decide to cash it in. It might pay to wait until you are an adult off your parents tax returns. The bond may not be as dumb as you are.
- How do you think about the answers? You can sign in to vote the answer.
- RobtLv 74 years ago
Try actually asking local educated adults for actual info locally in ur country.
What uneducated clueless uninformed kid sells a bond?
U CASH it in.
- Anna ELv 74 years ago
If it is a US savings bond, go to your local bank and they will tell you how to cash the bond in. It has to be done through Treasurydirect.com, the Federal Treasury website.
- 4 years ago
Take Tips stock broker
- JudyLv 74 years ago
Gee, doesn't sound DUMB. You can cash it at a bank.
- BobLv 74 years ago
sell it through a stock broker
- Elaine MLv 74 years ago
It has to mature (come up to the due date) to get back what it's worth.