U.S. treasury

[stuart60625]

For the 1st time treasury note and bill redemptions are indicated as "reported to the IRS" Yet this is not income but my original investment returned.What do I do with this listing on 1040

[CesarJ]

When you redeem a US Treasury note, only the interest earned is taxable, not the return or your original investment.

What's reported to the IRS is the interest portion only, usually on a 1099-INT (or sometimes as interest included with the redemption). 

Your original principal isn't income and doesn't get reported on Form 1040.

[mesquitebean]

Are you referring to Treasury notes/bills that were all bought and redeemed in the primary market, or did you happen to buy and sell US Treasury bills/notes in the secondary market as well?  If the latter, did you get a 1099-B or a "composite 1099" from a broker/institution that has 1099-B info on it? 

If you had secondary market transactions, I'm a fellow user, not a tax expert, but I suspect TurboTax Expert @CesarJ will be able to address that situation.

[stuart60625]

Looks like my bad. On the 1099 from the Treasury it is clear. The total amount redeemed is recorded and then there is the initial cost. These are done as 1099B. It is on the treasury form. I was using a summary where that wasn't spelled out. 

When dealing with this make sure you have the 1099 from the U.S. Treasury. Fill in the information as to the bills or notes redeemed in the Turbo Tax section on 1099-b income.