TreasuryDirect.com form - What is the payee TreasuryDirect or Dept. of Treasury? Just one entry of all bond income or need to list each separately?

Forum|Forum|3 years ago
January 21, 2023
2 replies
38 views

I have several bonds that paid interest and they are listed in detail regarding the payments, at the bottom there is a total of all interest paid. I do not know if I only need to enter the total once or if I need to make a separate entry for each bond payment on my tax return

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SteamTrain

Level 15

Just the one total. Especialy if it's only from EE or I-bond redemptions or maturities

In your Software, the interest will go into a single 1099-INT, with only the interest paid in box 3 of that 1099-INT form.

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I can't know if you had some other "transactions" for actual treasury bonds or notes....but if you scroll down the US Treasury's 1099-INT form, they have some other entries for actions you might have taken that resulted in gains or losses from your sales of US Treasuries & Notes (not EE or I-bonds) that might need to go on a form 8949. On my 1099-INT, those entries were all empty since I only hold EE- and I-bonds.

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

SteamTrain

Level 15

...AHHH...and also, if you did have some actual US Treasury Bond/Note redemptions/sales/maturities during the year that you held in the Treasury Direct account (again NOT for EE- or I-Bonds),

..........those would be listed lower on the form in the 1099-B area...and those would be entered into the TTX software as separate transactions in the Investment Income area on TurboTax...along with other "Stock, Mutual Fund, Bond..." transactions.

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