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Second set of procedures

 

1) enter the Payer as US Treasury

2)  Yes

3) Yes

4)  Yes...with the following exception.

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..if you also have individual Treasury Bonds/Notes. (i.e NOT EE- or I-Bonds)

 But you can ignore the following if all you have are I-Bonds or EE-Savings Bonds 

 

IF, in a particular year, you buy an individual Treasury Bond or Note , where you have to pay the seller for accrued interest that the bond has not yet been paid out yet...then you would indicate an adjustment, and enter the accrued interest that you had to pay for that purchase as an adjustment amount.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*