Treasury Direct 1099s

Comments

• Sven

  January 28

  Thank you. That is very helpful for future selling of I bonds.
• msf

  January 28

  Also, if you have converted (from paper) bonds and electronic bonds, there are two separate 1099s. You have to look under each account for them.
• sma3

  January 28

  You do not get a 1099 for I bonds either unless you sell, correct?
• yogibearbull

  January 28

  @sma3, correct, no annual 1099 for EE-Bonds or I-Bonds.
• sma3

  January 28

  Thanks for confirmation!
• msf

  January 28

  Almost correct. At maturity (or final maturity for EE bonds), the Treasury redeems savings bonds whether you sell them or not.
  
  https://www.treasurydirect.gov/indiv/help/treasurydirect-help/faq/#id-redeeming-savings-bonds-172649
• BaluBalu

  January 28

  "When EE and I Bonds reach maturity, they are automatically redeemed and the interest earned is reported for federal income tax purposes."
  
• msf

  January 28

  Some EE bonds reach maturity after 17 or 20 years. They reach final maturity after 30 years. Only then are they automatically redeemed. Yes, it's confusing and much of what's written, even on the Treasury site, doesn't get it quite right.
  
  Not all that different from Social Security talking about "full" retirement age, which is different from when you max out.

  These EE bonds have 2 maturity dates
  EE bonds that we issued from May 1997 through April 2005 have an original maturity date part way into the bond's 30-year life, as well as a final maturity date at the end of the bond's 30-year life.

  Issue date of EE bond			Original maturity date
  May 1, 1997 through May 1, 2003		17 years from issue date
  June 1, 2003 through April 1, 2005	20 years from issue date

  https://www.treasurydirect.gov/savings-bonds/ee-bonds/may-1997-through-april-2005/