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The Water Cooler
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<blockquote data-quote="SlugSlinger" data-source="post: 3711514" data-attributes="member: 7248"><p>Interest earned on all U.S. Treasury securities, including Treasury bills (T-Bills), is exempt from taxation at the state and local level but is fully taxable at the federal level.1 At the end of each tax year or early in the next (by Jan. 31), owners of Treasury bills should receive a Form 1099-INT from the Dept. of the Treasury. This form details how much interest was earned on government securities for the year—info that is also filed with the Internal Revenue Service (IRS).2</p><p></p><p>[URL unfurl="true"]https://www.investopedia.com/ask/answers/013015/how-are-treasury-bills-taxed.asp[/URL]</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3711514, member: 7248"] Interest earned on all U.S. Treasury securities, including Treasury bills (T-Bills), is exempt from taxation at the state and local level but is fully taxable at the federal level.1 At the end of each tax year or early in the next (by Jan. 31), owners of Treasury bills should receive a Form 1099-INT from the Dept. of the Treasury. This form details how much interest was earned on government securities for the year—info that is also filed with the Internal Revenue Service (IRS).2 [URL unfurl="true"]https://www.investopedia.com/ask/answers/013015/how-are-treasury-bills-taxed.asp[/URL] [/QUOTE]
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