NelehCr0z
Returning Member

Get your taxes done using TurboTax

I bought the 13Mo Fixed Rate note for 10K, which is the same amount I will be getting when it matures this year on July 30, 2024, plus the accumulated interests. I have not received any interests on this note since I bought it last June 2023, as I will be getting the full principal plus interests upon maturity. So why did the bank send me a revised 2023 Statement with the 1099-OID now  included? It is like reporting interests income which I have not even received yet.

 

And if in case I need to amend my 2023 tax return because of this 1099-OID, how do I go about it? I have no idea how to amend a return as I have not done it before. Can I call Turbo Tax Customer Service to ask for guidance? What number should I call?

 

Thank you so much. I will be looking forward to your prompt reply.