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TaxTheFish
March 15, 2023
Question

Is treasury bill gain dividend or interest?

  • March 15, 2023
  • 1 reply
  • 0 views

the form I downloaded from treasuryDirect is 1099-INT. But it gains by purchasing at a discount price, I am not which one it is.

    1 reply

    V
    Vanessa A
    March 15, 2023

    The treasury bill gain would still be considered interest even when purchased at a discount. 

     

     A dividend is a distribution of earnings from a company to it's shareholders.  The government does not have shareholders nor does it pay dividends. 

     

    So you will enter it in the 1099-INT section by selecting the following:

    • Federal
    • Income and Wages
    • Show More next to Interest and Dividends
    • Start next to Interest on 1099-INT
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