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
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”
You get a Form 1099-INT for the year in which you get the interest.
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.
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.
How do I find my 1099 form online? ›
Follow these steps:
- Log in to myEDD and select UI Online.
- Select Payments.
- Select Form 1099G.
- Select View next to the desired year. ...
- Select Request Paper Copy to request an official paper copy of your Form 1099G.
- Confirm your address on the Form 1099G Address Confirmation screen.
Bonds typically pay a fixed amount of interest (usually paid twice per year). Interest from corporate bonds and U.S. Treasury bonds interest is typically taxable at the federal level.
Are TreasuryDirect i bonds taxable? ›
What you earn from your Treasury marketable securities is subject to federal tax but is exempt from state and local taxes. This includes: interest you earn on notes, bonds, TIPS, and FRNs.
Do you have to pay taxes on Treasury bond 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.
Will I get a 1099 for interest? ›
A 1099-INT tax form is a record that a person or entity paid you interest during the tax year. If you earned $10 or more in interest from a bank, brokerage or other financial institution, you'll receive a 1099-INT.
How do I report US Treasury bond interest? ›
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.
Treasury bonds have maturities of 20 or 30 years and pay interest every six months. In contrast, Treasury bills have much shorter maturities, from a few days to 52 weeks. Treasury bills are sold at a discount to their face value and do not pay interest before maturity.
Where do I find my 1099 interest? ›
To get your interest earnings amounts, do one of these:
- Check your account statements.
- Call the organization that holds your money.
- Check the organization's website — That may be where to find 1099-INT that you can request and/or downloadable statements.
1099 forms are available by January 31 of each tax year. If you invest in Legacy Treasury Direct, each year you'll receive a 1099 during January (1042-S during March if you're a foreign investor) showing the interest you've earned. If you have registered securities, you'll receive your 1099 through the mail in January.
Do I get a 1099 for I bonds? ›
Note: You only get a 1099-INT if you actually got the interest on a savings bond. If you are waiting until your EE or I bond matures (finishes its life) to take the interest on it, you will not get a 1099-INT for that bond until we actually pay you the interest.
Is it safe to buy bonds from TreasuryDirect? ›
Bonds in TreasuryDirect are safely maintained in your account with the U.S. Treasury. mature or you redeem them, whichever is first. Also, if all conditions are met, using savings bonds to pay for some education expenses offers additional federal tax benefits. Affordable - Save with as little as $25.
Where can I download TreasuryDirect tax slips? ›
To see and print your Form 1099 from TreasuryDirect:
- Go to your TreasuryDirect account.
- Choose the ManageDirect tab.
- Under "Manage My Taxes", choose the relevant year.
- Near the top of your "Taxable Transaction Summary", choose the link to view your 1099.
If you're enrolled in Online Banking and you meet the IRS guidelines, you can find your 1099-INT form by signing in to Online Banking, selecting your deposit account and then selecting the Statements & Documents tab.
How to report taxable accrued Treasury interest paid? ›
Taxable interest generally should be shown on your Forms 1099-INT, Forms 1099-OID, or substitute statements. Include interest from series EE, H, HH, and I U.S. savings bonds.
Where can I find my 1099 SA form online? ›
Due to the very low volume of paper Forms 1099-SA and 5498-SA received and processed by the IRS each year, these forms have been converted to an online fillable format. You may fill out the forms, found online at IRS.gov/Form1099SA and IRS.gov/Form5498SA, and send Copy B to the recipient.
