TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Treasuy Direct 1099 INT

Forum|Forum|2 years ago
February 8, 2024
1 reply
0 views

I have income from Treasury Direct, multiple Treasury bills and notes from 2023. My 1099 INT stats "no reportable income" for all box entries, but provides an itemized list of all of the income.

How do I enter this income into TT?

Employee

You purchased bills which pay interest while you own them but you do not report the interest until you sell or it matures. Since bills mature in less than a year, you may have bills purchased one year that mature in the next. The interest is taxable to the federal at that time but not to the state.

See Interest Income Reporting for Marketable Treasury Securities

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"