How many tax documents should I expect to receive?

When tax season comes around, you’ll receive documents in January and/or February for your Treasury Account as required by law. If you earned $10 or more in interest income during the calendar year, you will receive a 1099-INT and will have to report that income on your tax return. If you earned less than $10 in interest in your Treasury Account, we will not provide tax documents since you are not required to report interest income of less than $10 to the IRS. We will also be providing you with Form 1099-B showing the trades that have occurred in your brokerage account and the resulting gains and losses.

For further questions please contact our member support team via in-app chat or email at support@public.com

Disclosures:

Free trading refers to $0 commissions for Open to the Public Investing, Inc Financial self-directed individual cash brokerage accounts that trade U.S. listed securities via mobile devices. Relevant SEC & FINRA fees may apply. Please see our Commission and Fee Schedule.

This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing, Inc is not registered.

Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

All U.S. Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank.

Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.

What is a Treasury Account?

Is the Treasury Account protected under FDIC or SIPC?

What is Jiko?

What types of statements and documents will I receive?

Are my treasury bills taxed?