EE Savings bonds proceeds deposited in 529 accounts

[taxalice]

Can proceeds of EE savings bonds be deposited in 529 college plans on maturity ? If so, how do you designate on federal tax forms that these are not taxable because the proceeds will be used for education?

[taxalice]

This is my first post. Any suggestions?

[TaxGuyBill]

You can do anything you want with the proceeds from savings bonds, but using that money to make a deposit into a 529 makes it taxable.

The tax exemption is if they are spent for tuition and fees for attendance at a qualified college for that year. Using the proceeds to deposit into a 529 plan does not meet that criteria.