topic If one pays more in OID during the life of a CD than the interest payed at maturity how is it entered in Get your taxes done using TurboTax

If one pays more in OID during the life of a CD than the interest payed at maturity how is it entered

neilfournier — Sat, 01 Jun 2019 18:26:49 GMT

I payed $137 more in OID during the life of a 3yr CD than the interest payed to me at the CD’s maturity. How do I report the loss in the year of maturity of the excess of OID payments versus interest received?

You enter your cost basis as the purchase price plus any...

Anita01 — Sat, 01 Jun 2019 18:26:51 GMT

You enter your cost basis as the purchase price plus any amounts on which you paid tax in prior years, so the interest payments would raise your cost above the maturity value and create a loss.

Where is this entered? I don't see where this would be e...

neilfournier — Sat, 01 Jun 2019 18:26:51 GMT

Where is this entered? I don't see where this would be entered on the 1099-OID worksheet.