- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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???
Topics:
‎April 12, 2020
3:16 PM