Deductions & credits

OK, this raises a related question.  I have a 1099-OID.  Box 1 is $24.26.  Box 6 is $24.26.  TurboTax correctly reported the amount in Box 1 as interest income.  The amount in Box 6 offsets the OID income in some fashion.  Can I just keep it simple and report the amount in Box 6 as an itemized deduction?