Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 02-25-2008, 11:41 AM   #21
Full time employment: Posting here.
Join Date: Sep 2006
Posts: 608
Originally Posted by JohnEyles View Post
So is it just me, or do these guys figure they're above the law and
don't have to send out a 1099 ? I sure haven't gotten one.

At the website, you can go to "Manage Direct" and then down into
"taxes" and it kinda gives you the info, but without really dividing
it into "line" amounts. I guess it's pretty obviously "Treasury Interest".

I'm wondering if they want you to list each bill/bond/etc separately
on your taxes ? It's kinda presented like that.

Of course, I've always grouped mutual funds dividends from one
mutual fund company together as one 1099 in the past (before
I realized you only do that for brokerage accounts) and the IRS
never seemed to mind.
I was talking 3-month and 6-month Treasury Bills.
JohnEyles is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-25-2008, 12:14 PM   #22
Recycles dryer sheets
Join Date: Sep 2005
Posts: 101
Did you click on "View your 1099 for tax year 2007"?

It lists all your transactions and gives you a bottom line figure.

I cashed some I-bonds and got a 1099 for that (you have to print it yourself) I had some t-bills and got a 1099 for that and I had a separate account inside my main account and I got a 1099 for that.

I admit it is somewhat confusing, you would think they could total them all to one 1099.
burch64 is offline   Reply With Quote
Old 02-25-2008, 01:40 PM   #23
Thinks s/he gets paid by the post
retire@40's Avatar
Join Date: Feb 2004
Posts: 2,670
I tried logging into my account and found out that it was closed by the US Treasury because it was inactive for 2 years. I thought 2 years was an unreasonably short period of time to close an account, especially with no kind of warning by email or regular mail.

I called and asked them how I would be expected to download a 1099 form from 3 years ago if were to get audited by the IRS and they didn't know.

I had no bonds or other investments sitting in my Treasury Direct account, but it makes me wonder how much money in bonds the government will keep when people "forget" they have an account or die with no paper trail for the beneficiaries.
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Old 02-25-2008, 04:11 PM   #24
Alan's Avatar
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 33,366
I've only had experience with I-bonds. I only have a 1099 in the years I cash some in, and when I went on line, I found the 1099 no problem. I can't remember if they actually sent one out as this was a couple of years ago.
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
Alan is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Anyone use treasurydirect with paper bonds? Olav23 FIRE and Money 8 10-20-2007 05:07 PM
Help -- how do I get my account back? donheff Forum Admin 5 05-30-2007 05:17 AM
5.5% savings account brewer12345 FIRE and Money 17 01-17-2007 06:49 PM
Checking Account mickeyd FIRE and Money 9 09-09-2006 04:13 PM
Brokerage Account Spanky FIRE and Money 5 03-10-2005 01:16 PM

» Quick Links

All times are GMT -6. The time now is 10:02 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.