How do I transfer a bond to make the beneficiary become the new owner?
You may complete a form “PD F 3360” and send it to the Federal Reserve Bank that handles savings bond transactions in your area. The form is available from the Bureau of Public Debt forms ordering system. The previous owner is liable for taxes on any interest earned before the bond was transferred. If the beneficiary is changed to a co-owner instead, then there is no tax liability for the original owner if the new co-owner cashes the bond. Form PD F 4000 should be used for this change.
A. You may complete a form “PD F 3360” and send it to the Federal Reserve Bank that handles savings bond transactions in your area. The form is available from the Bureau of Public Debt forms ordering system. The previous owner is liable for taxes on any interest earned before the bond was transferred. If the beneficiary is changed to a co-owner instead, then there is no tax liability for the original owner if the new co-owner cashes the bond. Form “PD F 4000” should be used for this change. The form is also available from the forms ordering system.
