OID transaction error how handle?
I am getting multiple OID errors on Federal review, but Broker indicates no 1099 OID transactions. How clear this error ? Broker is Merril Lynch, and information was downloaded.
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I am getting multiple OID errors on Federal review, but Broker indicates no 1099 OID transactions. How clear this error ? Broker is Merril Lynch, and information was downloaded.
You can go into the OID section and Delete any transaction there.
To get to the OID section:
1. Click on Federal Taxes across the top.
2. Click Wages and Income.
3. Scroll down to Interest and Dividends.4. Click Start or Update by 1099-OID, Foreign Accounts.
Delete any entry that's in that section.
If you have any other questions, please post back to this thread.
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