Here’s the instructions in the system for entering a 1099-OID in TurboTax Business:
- Inside TurboTax, open or continue your return and then search for this exact phrase (recommended that you copy/paste from here): 1099-oid original issue discount
- Select the “Jump To” link at the top of your search results
- On the Miscellaneous Investment Income screen, check the first box for Form 1099-OID and click “Continue”
- Answer “Yes” on the next screen, and continue to follow the onscreen instructions to import or manually enter your 1099-OID.
- If you land on the Form 1099-OID Summary screen, select “Add another Payer”, and then follow the instructions to either import or manually enter your 1099-OID.
