Reposting 1/26/25 because the 2024 tax varieties at the moment are obtainable
Authentic Put up 2/22/24:
Your Kind 1099-INT for curiosity earned from I Bonds have to be downloaded instantly on the Treasury Direct web site and isn’t despatched within the mail. The method additionally works in another way than all different bank-issued 1099 varieties on the market.
We talked about this briefly in our foremost 1099 web page for 2023, and a reader talked about this as one thing value highlighting given its broad affect amongst our readers.
To search out your 1099: login at Treasurydirect.gov > select the ManageDirect tab > Handle My Taxes, select 12 months 2023 > select ‘View your 1099 for tax 12 months 2023’. (Ensure by no means to click on the ‘again’ button when utilizing Treasury Direct since they then will get logged out and can want a brand new login course of.)
There shall be a web page detailing your earned curiosity for the 2023 calendar 12 months. It received’t be in the usual pdf format like most banks do – merely print out or save that web page of knowledge, as you’d with another 1099. Beneath is the video from the IRS web site describing the method:
The entire curiosity is often reported within the 12 months you cashed-out the I Bond. Additionally value noting that I Bonds and US Treasuries solely pay federal taxes; they’re exempt from state and native taxes.