Paper Savings Bonds
If you cash a paper savings bond at a local bank, that bank is responsible for giving you a 1099.
If you cash a paper savings bond by mailing it to Treasury Retail Securities Services, we mail you a 1099 by January 31 of the following year. (You can call us for a duplicate statement, if needed, beginning February 15.)
TreasuryDirect (electronic securities)
NOTE: 1099s for tax year 2023 are available in your account now. If you have linked accounts (such as a minor account or where you converted paper bonds), each can have its own 1099.
We put a 1099 into your TreasuryDirect account if:
- You cash a savings bond in TreasuryDirect. (We don’t provide a 1099 if you only buy or hold a savings bond.)
- You hold a marketable security in TreasuryDirect and the security earns interest.
We place the 1099s by January 31 of the following year. When your 1099 is ready, we send an e-mail to your personal e-mail account and put a message into your InBox within TreasuryDirect.
To see the 1099:
- Log in to your TreasuryDirect account
- Click the “Manage Direct” tab
- Under “Manage My Taxes,” click “Year XXXX”
- Near the top of the “Taxable Transaction(s) Summary” page, click “View your 1099 for tax year XXXX”
Video on finding a 1099 in TreasuryDirect
FAQs
If you invest in TreasuryDirect, your 1099 will be available electronically and you can print the form from your account. 1099 forms are available by January 31 of each tax year.
Will I get a 1099 for I bond interest? ›
If a financial institution pays the bond, you get a 1099-INT from that financial institution either soon after you cash your bond or by January 31 of the following year. If your bonds are in your TreasuryDirect account, your 1099-INT is available in your account by January 31 of the following year.
How is Treasury bill interest reported on 1099? ›
The interest income received in a year is recorded on Form 1099-INT. Investors can opt to have up to 50% of their Treasury bills' interest earnings automatically withheld. If you live in a state with high local taxes, T-bills might be more advantageous than other short-term fixed instruments, like CDs.
How can I get a copy of my 1099 online? ›
Signing in to your personal my Social Security account and selecting the “Replace Your Tax Form SSA-1099/SSA-1042S” link. Go to the “Choose a year” dropdown menu. Choose the desired year and select the “Download” link. The most recent tax year's SSA-1099/SSA-1042S will be available beginning every February 1.
How do I download my 1099 from TreasuryDirect? ›
1099 Tax Statements for Paper Savings Bonds and TreasuryDirect
- Log in to your TreasuryDirect account.
- Click the “Manage Direct” tab.
- Under “Manage My Taxes,” click “Year XXXX”
- Near the top of the “Taxable Transaction(s) Summary” page, click “View your 1099 for tax year XXXX”
Learn More About Tax Reporting. TreasuryDirect provides you with a detailed listing of all your taxable transactions, as well as an online, printable IRS Form 1099 for each calendar year.
Why did I get a 1099-INT from the Department of Treasury? ›
Key Takeaways
Form 1099-INT is an IRS income tax form that reports interest income received by taxpayers. Interest-paying entities must issue Form 1099-INT to investors at year's end and include a breakdown of all types of interest income and related expenses.
Do I need to report Treasury bonds on taxes? ›
Interest from corporate bonds and U.S. Treasury bonds interest is typically taxable at the federal level. U.S. Treasuries are exempt from state and local income taxes. Most interest income earned on municipal bonds is exempt from federal income taxes.
Do I need to report Treasury bond interest? ›
Examples of taxable interest
Interest income from Treasury bills, notes and bonds - This interest is subject to federal income tax, but is exempt from all state and local income taxes.
How do I get a 1099 from the US Treasury? ›
If you still have securities in Legacy Treasury Direct, we mail you a 1099 at the beginning of each year. If you need a duplicate 1099-INT form for the current tax year, call 844-284-2676 (free call) or, from outside the United States, +1-304-480-6464.
1) For the i-bond you cashed, you should create a 1099-INT form the US Treasury, and put the interest in box 3. 2) For the Treasury Bills, you "probably" hold those at a brokerage. IF so, you need to get the 1099-INT form that brokerage and either import it, or enter it manually.
Can you get a statement from TreasuryDirect? ›
The Account Statements will be available on the 1st business day of the month no later than 1pm Eastern Time.
How much can you make on a 1099 before you have to claim it? ›
What Is the 1099 Form Used for? The 1099 form is used to report non-employment income to the Internal Revenue Service (IRS). Businesses are typically required to issue a 1099 form to a taxpayer (other than a corporation) who has received at least $600 or more in non-employment income during the tax year.
At what age is Social Security no longer taxed? ›
Social Security income can be taxable no matter how old you are. It all depends on whether your total combined income exceeds a certain level set for your filing status. You may have heard that Social Security income is not taxed after age 70; this is false.
When should I receive my 1099? ›
If you're the one sending 1099 forms: Most 1099 forms are due to the recipient by January 31. If you're mailing a paper form to the IRS, you typically have to send the 1099 by February 28 (postmarked by that date).
Do you get statements from TreasuryDirect? ›
The Account Statements will be available on the 1st business day of the month no later than 1pm Eastern Time.
Does the US Treasury send 1099s? ›
2023 1099-INT now available from Treasury Direct
2023 TD 1099-INT's are available, at least for US Savings Bonds. I just downloaded/printed my 2023 1099-INT from Treasury Direct for US Savings Bond interest accrued/paid in 2023.
Do I need to report treasury bonds on my tax return? ›
Interest from corporate bonds and U.S. Treasury bonds interest is typically taxable at the federal level. U.S. Treasuries are exempt from state and local income taxes. Most interest income earned on municipal bonds is exempt from federal income taxes.
Do I pay taxes on TreasuryDirect I bonds? ›
The interest earned by purchasing and holding savings bonds is subject to federal tax at the time the bonds are redeemed. However, interest earned on savings bonds is not taxable at the state or local level.
