What's does the 1099-OID, Foreign Accounts mean ?

cezar24 — Mon, 03 Jun 2019 17:35:07 GMT

When you purchase a bond or note at a discount (less than...

AshleyRose — Mon, 03 Jun 2019 17:35:10 GMT

When you purchase a bond or note at a discount (less than its face value), you'll get Form 1099-OID (Original Issue Discount). The discount is taxable interest over the life of the bond, which gets reported every year you hold the bond, even if you don't actually receive any interest.

If you have Form 1099-OID please see below for more information on how to enter it in TurboTax Online:

https://ttlc.intuit.com/replies/5397942

topic What's does the 1099-OID, Foreign Accounts mean ? in Deductions & credits

What's does the 1099-OID, Foreign Accounts mean ?

When you purchase a bond or note at a discount (less than...