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1099 OID with numbers only in box 6
My 1099 oid only has numbers in box 6. I get the following error when running Smart Check:
The acquisition premium adjustment of $$ reported on this form 1099-OID is greater than the interest income reported in Box 1, Box 8, and Box 11 on this 1099-OID of $0.00. You must reduce the acquisition premium reported on this 1099-OID to the amount of interest income and report any excess on Schedule A.
How do I handle this?
‎April 1, 2025
9:59 PM