topic Re: 1099-OID issue in Get your taxes done using TurboTax

1099-OID issue

GPD84 — Tue, 24 Feb 2026 03:17:14 GMT

On my 1099-OID the amount in Box 2 is $0.00, the amount in box 10 is $273.90. During verification TurboTax flags an error on Schedule B, stating the amount in box 10 must be reduced to not exceed the amount in box 2 and any excess should be reported on Schedule A. Shouldn't TT be making the adjustment and appropriate entry on schedule A, or could this be an error on my 1099-OID?

Re: 1099-OID issue

hbl3973 — Sun, 12 Mar 2023 18:38:50 GMT

GPD84,

I'm guessing you are talking about a TreasuryDirect 1099-OID form, but in any case read through

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/reporting-interest-from-treasury-inflation-protected-securities-tips/00/2889483

for a choice of three possible ways to avoid throwing away the Box 12 bond premium via a worthless Schedule A entry.