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TreasuryDirect issued me 1099-B and 1099-OID that say "No Reportable Transactions". Do these two forms need to be included on my return?
I received 1099-B and 1099-OID along with 1099-INT from TreasuryDirect. On 1099-B and 1099-OID, it says "No Reportable Transactions". Tax program doesn't even allow e-filing to IRS with zero dollar for 1099-ID. However, tax program will allow adding 1099-B with no sale of bonds, or Treasury Securities listed. It doesn't cause error after adding 1099-B with no sale of anything. Should I just report this blank 1099-B, and not report 1099-OID? When TreasuryDirect put "No Reportable Transactions", do I need to worry about reporting them? If they put "No Reportable Transactions", wouldn't IRS computer know to not expect 1099-B and 1099-OID on my return? Anyone know? Thank you.
‎February 1, 2023
1:49 PM