1099-OID line 11 doesn't flow thru to 1040 line 2a

[MoBoog]

TurboTax Deluxe 2025 has a bug where 1099-OID line 11 tax-exempt interest does not appear on form 1040 line 2a. How do I report this bug to TurboTax so taxes are done correctly?

[DianeW777]

When I enter a 1099-OID into TurboTax Desktop, my only entry is box 11 and I entered only the resident state on the screen 'Which state is your $___ of exempt OID from?'. This screen information must come from your statements that are part of the information from your finance company. If any is from your own state that amount would also be tax free to your state.

In any event, the amount does appear on Line 2a on my 1040. Double check your entries to be sure you have everything completed. You can check it by going to Forms in TurboTax Desktop or reviewing your 1040 using the steps below.From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)

1. Select Tax Tools
2. On the drop-down select Tools
3. On the pop-up menu titled “Tools Center”, select View Tax Summary 
4. On the left sidebar, select Preview my 1040. 

Please update if you need additional information and include any details that may be helpful.

[baldietax]

Online or desktop?  I've not found that to be the case my 1099-OID Box 11 is hitting 1040 2a and tied out (on Mac desktop Premier).  But I input my 1099s manually so if you imported it you can try deleting and input manually.

Have you fully tied out all muni income across INT, DIV and OID that all net into 1040 2a and taken into account any premium or accrued interest adjustments, for 1099-OID Box 11 will be reduced by Box 6 or 10.

[MoBoog · Accepted solution]

This problem is now solved.  It was never a TurboTax problem.   It only appeared to me that the OID did not flow thru because the 1099-OID imported from Schwab had an incorrect amount in Box 6 Acquisition Premium of $771.99.  This amount subtracts off the Box 11 Tax-Exempt OID of 824.14 making it very little of it flow thru.  Instead of $771.99 the correct amount of Acquisition Premium that should have been in Box 6 was $94.19.  My paper copy 1099-OID from Schwab had the correct amount of 94.19 but the version of the 1099-OID imported from Schwab into TT had the incorrect $771.99 amount.  The number 771.99 never shows up anywhere in my Schwab 1099-Composition paper copy.  I know from my personal records that $771.99 is the bond premium I paid above the adjusted issue price in CY2018 when I purchase the bond.