1099 OID

lfasbinder · ‎April 8, 2020

box 10 Turbo says the bond premium on form 1099OID

is greater than the interest reported in Box 2...there is not a box 2. It says I must reduce the bond premium reported to the amount of interest income

The form from Schwab indicates:

Box 8 326.87

Box 10 227.52

Any idea how to complete this form

What should I put in box 2 if any ... how to adjust?

Anonymous · ‎April 8, 2020

without actually seeing the form you may need to enter the amounts using 1099-int not 1099-oid

if so box 8 would be described as tax-exempt interest

box 10 would be described as Market Discount

1099 OID

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