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TreasuryDirect issued me 1099-B and 1099-OID that say "No Reportable Transactions". Do these two forms need to be included on my return?

I received 1099-B and 1099-OID along with 1099-INT from TreasuryDirect.  On 1099-B and 1099-OID, it says "No Reportable Transactions".  Tax program doesn't even allow e-filing to IRS with zero dollar for 1099-ID.  However, tax program will allow adding 1099-B with no sale of bonds, or Treasury Securities listed.   It doesn't cause error after adding 1099-B with no sale of anything.  Should I just report this blank 1099-B, and not report 1099-OID?  When TreasuryDirect put "No Reportable Transactions", do I need to worry about reporting them?   If they put "No Reportable Transactions", wouldn't IRS computer know to not expect 1099-B and 1099-OID on my return?  Anyone know?  Thank you.

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1 Reply
MinhT1
Expert Alumni

TreasuryDirect issued me 1099-B and 1099-OID that say "No Reportable Transactions". Do these two forms need to be included on my return?

If there is no reportable transactions, then you DO NOT report the forms 1099-B and 1099-OID on your tax return.

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