You can try to remove both Form 1099-OID and 8938 from the program.
If you are using the online version, here are the steps:
- Open your return, if it's not already open.
- In the upper right corner, click My Account > Tools.
- In the pop-up window, select Delete a form.
- Click Delete next to Form 1099-OID and 8938 and follow the instructions to remove the form/schedule.
Form 1099-OID is used to report original issue discount interest as part of income on your taxes. OID stands for "original issue discount". OID occurs when a bond is issued for a price less than its face value or principal amount.
If you live in the US and meet one of the following criteria, you would need to file a Form 8938.
- Unmarried individual (or married filing separately): Total value of assets was more than $50,000 on the last day of the tax year, or more than $75,000 at any time during the year.
- Married individual filing jointly: Total value of assets was more than $100,000 on the last day of the tax year, or more than $150,000 at any time during the year.
For more information, click here: https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements
If both of these forms do not apply to you, you do not report them.
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