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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My in-laws purchased  several $10k bonds in their own names almost 30 years ago, and now want to give to their adult children.  Bonds are about to reach maturation and each bond will be worth almost $40k pre tax. I’m trying to figure out if we can have them put them in each of our kids 529s and then taxes won’t need to be paid on the gains if used for college. Has anyone done this[/quote]

How would you "put them in each of our kids 529s"? As in, lay out the steps in how you would do that.

We have money in two 529s.  The only way to put money in is to write a check or initiate a transfer from a bank account, and the money then has to go into one of a list of portfolio options:

https://investor.vanguard.com/investment-products/list/529-portfolios?filters=open

Maybe there is a 529 plan where you could do what you are saying, but I know of none that are structured that way.

I also think your in-laws would still owe taxes on the gains, even if they gifted it. There is no magical way to get out of taxability like that unless they donated the bonds to a charity.[/quote]

https://www.savingforcollege.com/article/how-to-rollover-us-savings-bonds-into-a-529-plan
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