I need to claim a tax deduction for the OID accrued & claimed in prior years, but was never paid by TIAA, neither annually nor upon maturity. How they can get away with this... it's unbelievable! TIAA sent 1099s each year with an amount certain of OID interest that seemed to benefit me, but in reality, they kept it all. It benefit them, or they filled out the 1099s incorrectly. Meanwhile I paid tax on it.
I should be able to claim a loss for the OID I never received, but paid tax on.
Turbotax doesn't seem to cover this issue, but maybe I'm missing it.
