---
kind: "section"
citation: "31 C.F.R. § 360.11"
title: "31"
number: "360.11"
heading: "Computation of amount."
url: "https://uscodex.org/cfr/31/360.11"
---

# §360.11. Computation of amount.

- (a) **General.** The purchases of bonds in the name of any person in an individual capacity are computed separately from purchases in a fiduciary capacity, e.g., as representative for the estate of an individual.
- (b) **Bonds included in computation.** In computing the purchases for each person, the following outstanding bonds are included:
  - (1) All bonds registered in the name and bearing the taxpayer identifying number of that person alone;
  - (2) All bonds registered in the name of the representative of the estate of that person and bearing that person's taxpayer identifying number; and
  - (3) All bonds registered in the name of that person as coowner that also bear that person's taxpayer identifying number.
- (c) **Bonds excluded from computation.** In computing the purchases for each person, the following are excluded:
  - (1) Bonds on which that person is named beneficiary;
  - (2) **Bonds to which that person has become entitled—**
    - (i) Under [§ 360.70](/cfr/31/360.70.md) as surviving beneficiary upon the death of the registered owner;
    - (ii) As an heir or a legatee of the deceased owner;
    - (iii) By virtue of the termination of a trust or the happening of a similar event; and
  - (3) **Bonds that are purchased and redeemed within the same calendar year.**

## Notes

### Authority

Authority: 5 U.S.C. 301; 31 U.S.C. 3105 and 3125.

### Source

Source: 63 FR 38049, July 14, 1998, unless otherwise noted.