Since the program already subtracted interest earning from $50 of my matured T-bill, do above Gains or Income apply in my case?
there is no gain or loss on a matured T-bill
I also have I-bond I bought in October or November 2022, but I have not sold it and TreasuryDirect didn't put any interest earning from I-bond on the 1099 form they sent me. If I logon into my TreasuryDirect account online, it doesn't show interest earning for my I-bond. no sale no gain or loss to report nor will there be if you sell before maturity. you get back the principal you paid + interest. on an I-Bond the default is to report interest income when it matures in 30 years. there is an option to report the interest every year - must be made the first year otherwise you have to file form 3115 to change methods. if you choose the annual method the interest earned each year is only available from accessing your a/c.
