a taxpayer who wishes to purches up to 5000 in paper US seri

a taxpayer who wishes to purches up to $5000 in paper U.S. series i savings Bonds, using their tax refund, must file. with what form?

1. form 8606

2. form 8880

3. form 8888

4. form 9465

Solution

Correct answer is 3. Form 8888

In case of filing a paper return, the tax payer can elect to buy the us series I savings bonds by filing form 8888,  Allocation of Refund (Including Bond Purchases). The maximum amoun that can be used for purchase of such bonds is $5,000