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Get your taxes done using TurboTax
I received a 1099 OID that originated entirely from a tax exempt bond portfolio. Every time I used Turbotax (premier ed) and entered what was on the OID form, I received an error message so I finally decided not to report what is on this form.
I still want to know why this continues to be a problem.
My most recent 1099 OID had entries only in box 6 10 and 11
I understand how to handle OID on a taxable investment, but what about a discount on a tax exempt investment, and why are there only entries in these 3 boxes. The IRS instructions for treatment of tax exempt bond discount is confusing, and I am being kind.
March 17, 2021
6:48 PM