User Guide Sections 261 Through 270 — TreasuryDirect (2024)

User Guide 264

Learn More About Treasury Marketable Security Transfers

To protect the security of your investments, in certain instances you must complete a Transfer Request (FS Form 5511) to transfer one or more securities from your account. The form must be signed in the presence of an authorized certifying official available at a bank, trust company, or credit union, and mailed to us for processing. (Certification by a Notary Public is not acceptable.) Customer service personnel will perform the transfer when the form is received and approved. You'll receive an e-mail confirming that activity has occurred in your account.

TreasuryDirect requires Treasury Marketable Securities be held for 45 days following original issue before they may be externally transferred. 4-Week Bills bought at original issue in TreasuryDirect may not be transferred at all because the 28-day term is less than the required 45-day holding period. The mandatory original issue holding period also applies to securities issued through reinvestment which were not fully funded from the maturing security. Transfer forms received during the original issue holding period will be processed once the holding period ends. Note: Securities transferred into your TreasuryDirect account from a broker or from your Legacy TreasuryDirect account are not subject to the holding period.

Transfer forms that are received during the Closed Book Period (see Transaction Restrictions ) will not be processed until the Closed Book Period ends. If the securities are scheduled to mature at the end of the Closed Book Period, they will be paid.

For securities issued through reinvestment, see Learn more about Reinvesting Maturing Proceeds .

Whenever a transfer is completed in your account, TreasuryDirect calculates the reportable proceeds amount from the time the Treasury marketable security was issued in your account. All your taxable transactions are available with your online, printable IRS Form 1099 each calendar year. For individual accounts, TreasuryDirect also gives you the option to grant Transact rights to the second-named registrant of the security, so any transfer transactions performed by a designated grantee are reportable to your TreasuryDirect account. For more information and exceptions to tax reporting rules, see Learn more about Tax Reporting . Transact rights are not available in entity accounts.

Internal - To another TreasuryDirect account holder

You may transfer Treasury Marketable Securities in increments of $100. You may choose to transfer a portion or the full amount of a security for a single transfer. Multiple securities can be transferred at one time to a single recipient, but if this option is chosen, the full amount of each security must be transferred.

External - Out of TreasuryDirect

You may transfer Treasury Marketable Securities in increments of $100. You may choose to transfer a portion or the full amount of a security or multiple securities for a single transfer.

Before completing the form for any external transfer, we strongly recommend you contact the receiving financial institution for the correct routing number, bank name, and special handling instructions. When your Treasury marketable securities are transferred externally, TreasuryDirect removes them from your account and transmits your transaction in accordance with the provisions cited in 31 CFR Parts 356, 357, and 363. The transaction could be rejected or delayed in processing if the handling instructions are invalid.

To sell Treasury marketable securities that are in your TreasuryDirect account, you must transfer the securities to a broker/dealer account. The broker/dealer can sell the securities for you.

Incoming External

  • From a broker into your TreasuryDirect account: You may contact your broker to transfer Treasury marketable securities you own in another account to your online TreasuryDirect account. To transfer securities through a broker, you will need to use the following delivery information: Receiving bank name – TREASURYDIRECT (all caps, no space), ABA #051736158, and your TreasuryDirect account number (without dashes and spaces).
  • From Legacy TreasuryDirect into your TreasuryDirect account: You may also move eligible Treasury marketable securities from your Legacy TreasuryDirect account to your online TreasuryDirect account without using a broker by completing a Security Transfer Request, FS Form 5179. Incoming transfers are released into the Current Holdings of your TreasuryDirect account.

Customer Service representatives submit all verified incoming transfer requests for release into your Current Holdings. Incoming transfers are issued using your primary TreasuryDirect account owner name as the registration for the securities, and with your Primary Bank information as the payment destination for maturity and interest (if applicable) payments. Once securities are issued into your account, you may edit this destination, and you may edit the registration for the securities in an individual account. Note: You may not change the registration for the securities in an Entity account. For incoming transfers, TreasuryDirect uses the price per $100 that was determined at auction. If the price you paid was different contact Customer Service.

Important Reminder! When a security is partially transferred, any scheduled reinvestments will be canceled. When a security is fully transferred, scheduled reinvestments will be retained only if the security is transferred to another TreasuryDirect account maintained under the same taxpayer identification number or to a minor linked account. If additional funds are needed to complete such reinvestments, the receiving account's primary bank will be debited.

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Learn More About Tax Reporting

TreasuryDirect provides you with a detailed listing of all your taxable transactions, as well as an online, printable IRS Form 1099 for each calendar year. You may access this information in ManageDirect® - Manage My Taxes in your primary account and each linked account.

Taxable transactions include partial/full redemptions or transfers (internal and external), and maturities initiated by you or a designated grantee (in certain instances). The information displayed on your summary page and IRS Form 1099 is furnished each year to the Internal Revenue Service. According to IRS rules, you may be subject to up to three different types of tax reporting, depending upon the type of security and the transaction performed.


This section displays any transactions where you received interest income. This interest may have been earned from a partial/full redemption, transfer, or maturity of a savings bond. Interest will also be reported if you received semi-annual interest payments from a Treasury marketable security as the account holder or as the grantee. See IRS Pub. 550 Investment Income and Expenses, for more information.


If this form includes amounts belonging to another person(s), you are considered a nominee recipient. Complete a Form 1099-INT for each of the other owners showing the income allocable to each. File Copy A of the form with the IRS. Copy B to each owner. List yourself as the "payer" and the other owner(s) as the "recipient." File Form(s) 1099-INT with Form 1096, Annual Summary and Transmittal of U.S. Information Returns, with the Internal Revenue Service Center for your area. On Form 1096 list yourself as the "filer." A husband or wife is not required to file a nominee return to show amounts owned by the other.


This section includes maturities of all covered securities. Additionally for non-covered securities, this section displays any transactions where you received proceeds from the maturity of a Treasury marketable security that was not purchased at original issue. This means that if you received one of these securities from a transfer, either internal or external, the principal amount of this security is reportable in your account. This reporting only occurs when the security matures. Furthermore, this form is always reported to your account, regardless of any action performed by a grantee.

A "covered" Treasury marketable security refers to a Treasury Note or Bond that was purchased on or after January 1, 2014, and a Floating Rate Note (FRN) or Treasury Inflation Protected Security (TIPS) that was purchased on or after January 1, 2016.

A "non-covered" Treasury marketable refers to a Treasury Note or Bond that was purchased prior to January 1, 2014, and an FRN or TIPS that was purchased prior to January 1, 2016. Treasury bills are considered non-covered Treasury marketable securities regardless of purchase date and are therefore excluded from reporting.


Any increase or decrease in the inflation adjusted principal amount of an inflation-indexed debt instrument (other than a Series I U.S. Savings Bond) that occurred while you held the instrument during the year is reported as Original Issue Discount (OID.) In general, an inflation-indexed debt instrument is a debt instrument on which the payments are adjusted for inflation and deflation such as Treasury Inflation-Protected Securities (TIPS). For more information, please see the IRS Publication 1212, Guide to Original Issue Discount (OID) Instruments.

Reporting Exceptions

  • Transfers sent to the same Taxpayer Identification Number listed on your account are excluded from tax liability. Note: This rule does not apply to the transfer of TIPS.
  • If a converted savings bond with a Co-Owner registration type is redeemed by the second-named registrant (or grantee), the interest is reported to the grantee. (Individual Accounts only).
  • If a maturity payment for a Bill is sent to the grantee's selected payment destination, the interest is reported to the grantee. (Individual Accounts only).
  • If the interest payment for a Treasury Marketable Security is sent to the grantee's selected payment destination, the interest is reported to the grantee. (Individual Accounts only).

Federal Income Tax Withheld

This column in each section displays the percentage amount of designated backup withholding applied involuntarily or voluntarily. The IRS current involuntary backup withholding rate is set at a 24% rate. You may select voluntary backup withholding up to a 50% rate. Remember to include this amount on your income tax return as tax withheld.

Bond Premium and Market Discount

For more information regarding the reporting of bond premium amortization and market discount accrual, please refer to IRS publication 550.

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User Guide Sections 261 Through 270 — TreasuryDirect (2024)


How do I speak to someone at TreasuryDirect? ›

TreasuryDirect customers:

Our call center hours are Monday-Friday, 8am-5pm ET. You may reach us at 844-284-2676.

How do you avoid tax on Treasury bonds? ›

The Treasury gives you two options:
  1. Report interest each year and pay taxes on it annually.
  2. Defer reporting interest until you redeem the bonds or give up ownership of the bond and it's reissued or the bond is no longer earning interest because it's matured.
Dec 12, 2023

How do I redeem I bonds from TreasuryDirect? ›

Log into your primary TreasuryDirect® account. Click on the ManageDirect tab at the top of the page. Click "Redeem securities" under the Manage My Securities heading. On the Redemption page, choose the radio button beside Zero-Percent C of I and click "Submit".

How much is a $100 savings bond worth after 30 years? ›

How to get the most value from your savings bonds
Face ValuePurchase Amount30-Year Value (Purchased May 1990)
$50 Bond$100$207.36
$100 Bond$200$414.72
$500 Bond$400$1,036.80
$1,000 Bond$800$2,073.60

Why can't I access my TreasuryDirect account? ›

If you get locked out of TreasuryDirect for some reason, such as numerous failed login attempts, you will receive a message providing a telephone number to contact Customer Service for assistance.

Why can't I get into my TreasuryDirect account? ›

When your TreasuryDirect account gets locked, you'll need to call the customer service line at 844-284-2676 to have an agent unlock your account. While you can recover your account number or reset your password online, unlocking services are only available by phone from 8 a.m. to 5 p.m. Eastern time.

Will I get a 1099 from TreasuryDirect? ›

If you invest in TreasuryDirect, your 1099 will be available electronically and you can print the form from your account. 1099 forms are available by January 31 of each tax year.

Do I need to report I bonds on my tax return? ›

Yes, you are required to pay federal income taxes on the interest earned by inherited series I savings bonds. The interest is taxed in the year it is earned and must be reported on the beneficiary's tax return.

What are the disadvantages of Treasury I bonds? ›

One main limitation is that these bonds cannot be bought or sold on the secondary market. This means that once you purchase an I Bond, you are committed to holding it until maturity or redeeming it with the Treasury, subject to certain restrictions. Another potential downside is the purchase limit.

How long does it take to get money from TreasuryDirect? ›

You just bought a security from the U.S. Treasury. Securities are generally issued to your account within two business days of the purchase date for savings bonds or within one week of the auction date for Bills, Notes, Bonds, FRNs, and TIPS.

What happens to a TreasuryDirect account when the owner dies? ›

For an estate that is being administered, the legal representative of the estate must open a TreasuryDirect account in the name of the estate in order to conduct transactions. The legal representative of the estate may then conduct any transactions that are available to an individual account owner.

What does C of I mean in TreasuryDirect? ›

The Zero-Percent Certificate of Indebtedness (Zero-Percent C of I or simply, C of I) is a Treasury security that does not earn any interest. It is intended to be used as a source of funds for purchasing traditional Treasury securities.

Do I bonds double in 30 years? ›

EE Bond and I Bond Differences

The interest rate on EE bonds is fixed for at least the first 20 years, while I bonds offer rates that are adjusted twice a year to protect from inflation. EE bonds offer a guaranteed return that doubles your investment if held for 20 years. There is no guaranteed return with I bonds.

Do savings bonds double every 7 years? ›

Series EE savings bonds are a low-risk way to save money. They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.

How much is a $50 Patriot bond worth after 20 years? ›

After 20 years, the Patriot Bond is guaranteed to be worth at least face value. So a $50 Patriot Bond, which was bought for $25, will be worth at least $50 after 20 years. It can continue to accrue interest for as many as 10 more years after that.

Is TreasuryDirect 24 hours? ›

The system is available 24 hours a day, seven days a week. Individuals and certain entities can open an account in TreasuryDirect. There's no charge to open an account or to manage your securities. The only money you pay is for the securities you buy—and we don't add a fee to that.

Is there a phone app for TreasuryDirect? ›

TreasuryViewer is a mobile app to buy and view your Treasury securities on Treasury Direct.

How do I get my money back from TreasuryDirect? ›

How do I cash my electronic bonds? Go to your TreasuryDirect account. Go to ManageDirect. Use the link for cashing securities.

Is legit? › is the one and only place to electronically buy and redeem U.S. Savings Bonds. We also offer electronic sales and auctions of other U.S.-backed investments to the general public, financial professionals, and state and local governments.

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