Legacy Treasury Direct

If you have an account at Treasury and it has

• 11 numbers and no letters, it is a Legacy Treasury Direct account
  (Example: 1200—345—6789)
• a letter followed by 9 numbers, it is a TreasuryDirect account
  (Example: A123—456—789)

We are phasing out our old program, Legacy Treasury Direct.

No – Can no longer do in Legacy Treasury Direct

Open a new account

Buy securities

Reinvest securities

Transfer securities from outside Legacy Treasury Direct into your Legacy Treasury Direct account

Yes – Can still do in Legacy Treasury Direct

Keep securities that are in your Legacy Treasury Direct account until they mature

Get the interest payments we owe you on those securities

Get your money when those securities mature (redeem a security)

Get your IRS Form 1099-INT (the form that tells the IRS about money you made from your securities that may be subject to federal tax)

Tell us to pay taxes early for you through withholding

Sell your securities before they mature
To sell securities, you must transfer them to a bank, broker, or dealer.

Transfer your securities to

• a TreasuryDirect account
• a bank, broker, or dealer
• another account within Legacy Treasury Direct

Change the registration for your account, as long as the Taxpayer Identification Number (Social Security Number or Employer Identification Number) stays the same

Change some information in your account: banking information, your address, your phone number

Get your account balance and your Statement of Account

Getting interest payments and the money when your security matures

When an interest payment is due and when your security matures, we automatically deposit the money into the bank account listed in your Legacy Treasury Direct account. You do not have to do anything.

Getting your IRS Form 1099–INT for each tax year

IRS Form 1099–INT tells the IRS about interest and gains or losses that may be subject to federal tax.

At the beginning of each year, we mail you your 1099–INT with information on the securities that earned interest or gains or losses in the previous year.

Note: Even if you have redeemed or transferred all the securities you had in Legacy Treasury Direct, be sure to keep your address current in your Legacy Treasury Direct account until you get your final tax statement.

If you need a duplicate 1099-INT form for your Legacy Treasury Direct account for the current tax year, call us

If you need an 1099-INT form for your Legacy Treasury Direct account for an earlier year, write to us.

Telling us to pay taxes early for you through withholding

If we hold your securities, we can ease your tax burden by paying withholding taxes for you during the year. Each time we pay interest or redeem a security for you, we pay part to you and part to the IRS for the taxes on that money. The 1099 you get for that year shows what you earned and the amount of taxes we already paid for you through withholding.

We can withhold up to 50 percent of the money you earn.

To withhold taxes on securities in your Legacy Treasury Direct account, call or write to us to tell us what you want us to withhold. You will need your account number and the percentage you want us to withhold.

Transferring securities that are in Legacy Treasury Direct

For any kind of transfer — either within or from Legacy Treasury Direct, you must fill out Form 5179 and mail it as directed on the form.

For each type of transfer (to another Legacy Treasury Direct account, to a TreasuryDirect account, or to a bank, broker, or dealer), you will need specific information. Review the form before you start so you know what information to gather to fill out the form correctly.

Contacting us

For any questions you have about your Legacy Treasury Direct account or if you need a form and don't want to download it from this website, contact us:

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