T-bills
One yr. T bill rolled over. Is the interest deferred until the rollover matures and cashed in? Or at the the maturity of the last yr., and each year it matures even if it is a rollover?
Terry Says
Every time a T-bill matures and is automatically rolled over, the interest for that next period drops into your linked bank account, in the two days following the rollover.
Any T-bills that mature and receive interest in a calendar year will result in a 1099 form that falls into your TD account in January, so you can pay ordinary income taxes on the earnings for the previous year.
