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ktj2222
New Member

I have 1099 OID, previously was reported from First Clearing House; this year is Wells Fargo

(same acct).  Turbo Tax wants me to file it as First Clearing House, What to do?
Also, have 1099-INT for $0.08.  Can I just ignore it?
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1 Reply
PeterM
New Member

I have 1099 OID, previously was reported from First Clearing House; this year is Wells Fargo

Yes, you can ignore the interest income (1099-INT) for $.08. As for the 1099-OID, First Clearing is a trade name used by Wells Fargo...so it will be okay. However, you should be able to delete the name and re-enter as it states on the Form 1099-OID.


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