If your business received a 1099-OID then you will need to enter it in several places.
First and foremost investment income goes in that section. Under investment income you'll find sections for taxable and tax-exempt interest. Enter the items from your 1099-OID here (accrued interest in an OID transaction is taxable to the buyer, not the seller. So accrued interest is entered as a positive number and is taxable).
Any acquisition premium is used to reduce the amount of interest that is taxable on your return. You can either subtract the premium from the taxable interest and then enter the result or you can enter first the taxable amount as a positive number and the acquisition premium as a negative number. The end result is the same.
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