- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, Treasury Bills (or T-Bills for short) are a short-term financial instrument that are issued by the Department of Treasury.
If you received interest income from a T-Bill, but didn't receive a Form 1099-INT, you can report the interest as follows:
- Open or continue your return.
- Search 1099-INT or 1099INT (lowercase also works)
- Select the Jump to link.
- Answer Yes to Did you have any interest income? ...
- On the Get ready to be impressed screen, select Continue.
- Select Enter a different way.
- Select Interest 1099-INT and Continue.
- Select Type it in myself.
Your "Received from" in TurboTax will be the U.S. Department of Treasury.
When you enter your "Received From" information it will look like this:
You will only receive a 1099 for your T-Bill:
- If you cashed a savings bond in 2022.
- If you owned a marketable security which earned interest in 2022.
You will not receive a 1099 if you only purchased a savings bond and did not cash it.
If you have received a Form 1099 for your Treasury Bill, you should enter it as shown.
You can click here for more detailed information regarding entering your Form 1099-INT.
Click here for additional information on Form 1099 INT.
Click here for Instructions for Form 1099 INT.
[Edited 02/21/23|3:10 pm PST] @lauracalili
**Mark the post that answers your question by clicking on "Mark as Best Answer"