The interest income earned from T-bills is subject to federal income tax but is exempt from state and local income taxes. 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 Juno Treasury Account, you will not receive tax documents since you are not required to report interest income of less than $10 to the IRS. You’ll also be provided with Form 1099-B showing the trades in your brokerage account and the resulting gains and losses.

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