caw1
Level 1

1099-OID

Error flag on 1099-OID data imported from Schwab 1099-OID..."Box 10: Bond premuim.  The bond premium adjustment of xxx reported on this Form 1099-OID (Charles Schwab composite) is greater than the interest income reported in Box 2 on this 1099-OID of 0.00.  You must reduce the bond premium amount reported on this 1099-OID to the amount of interest income, and report any excess on Schedule A (subject to any required limitations)."  However, there IS NO BOX 2 on 1900-OID!  Called Schwab and they couldn't make sense of this either.  I'm ready to file except for this one error...what do I do???