The Exclusion of Interest on Educational Savings Bonds

The exclusion of interest on educational savings bonds:

A) Applies only to savings bonds owned by the child.
B) Applies to parents who purchase bonds for which the proceeds are used for their child's education.
C) Means that the child must include the interest in income if the bond is owned by the parent.
D) Does apply even if used to pay for room and board.
E) None of these.

Correct Answer:

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