How to report OID from Treasury Inflation Protected Securities (TIPS) on Turbotax Home and Business

noslam — Tue, 04 Jun 2019 20:07:34 GMT

We received a 1099 from TreasuryDirect which includes 1099-INT for Treasury Notes and TIPS and a 1099-OID for the TIPS. Where/how is the OID put on Turbotax?

Follow these steps to enter the 1099-OID for your Treasur...

CarolC — Tue, 04 Jun 2019 20:07:36 GMT

Follow these steps to enter the 1099-OID for your Treasury Inflation Protected Securities:

Select Federal Taxes
Under Income & Expenses scroll down to 1099-OID, Foreign Accounts, select Start
Select Form 1099-OID for original issue discount income
Select Yes for Any OID for 2017?
Enter your 1099-OID information, select Continue
Enter adjustments if any apply, select Continue

Your 1099-INT is entered under Income & Expenses as well. Scroll down to Interest on 1099-INT, select Start.

topic How to report OID from Treasury Inflation Protected Securities (TIPS) on Turbotax Home and Business in Get your taxes done using TurboTax

How to report OID from Treasury Inflation Protected Securities (TIPS) on Turbotax Home and Business

Follow these steps to enter the 1099-OID for your Treasur...