Reba purchases U.S.savings bonds which she lists in the name of Rod,Reba's son.The purchase of the bonds does not constitute a gift.

Name: Reba purchases U.S.savings bonds which she lists in the name of Rod,Reba's son.The purchase of the bonds does not constitute a gift.
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Question

Quizplus · Accepted Answer

The purchase of U.S. savings bonds in someone else's name, such as a child, is generally considered a gift because it transfers ownership and benefits to the named individual.

Reba Purchases U