Richb89600
Returning Member

Get your taxes done using TurboTax

Schwab has issued me a 1099-OID with a Bond Premium (Box 10) included.  (I purchased a Tax-free Muni at above par). 

TurboTax is complaining that the premium is greater than the interest in Box 2 (which is filled as zero).  My reading of the 1099-OID instructions (and/or Schwab's explanation) is that, if that interest income is already declared in a 1099-INT (which, in my case, it is), then Box 2 SHOULD be zero.  Should I simply ignore this TurboTax "error"?