FORM 1099-OID data entry problem

dugy-fresh — Tue, 24 Feb 2026 05:51:49 GMT

I received a few 1099-OID forms from my brokerage co. It only has Box 6 and Box 11 filled out. The other Box entries are empty. When I enter this data into TT and run the TT Federal Review, I get this error: "The acquisition premium adjustment of 2005.66 reported on this Form 1099-OID is greater than the interest income reported in Box1, Box8 and Box 11 on this 1099-OID of 1618.01. You must reduce the acquisition premium amount reported on this 1099-OID to the amount of interest income, and report any excess on Schedule A(subject to any required limitations)."

The investment seems to be a local municipality bond.

What if any values should be entered into Box 1,8 or 11? And where do I find that? If I need to report this on my Schedule A, where do I report this?

Re: FORM 1099-OID data entry problem

moodycr — Wed, 12 Apr 2023 21:44:19 GMT

I don't understand the instructions when Box 10 is greater than Box 1

topic FORM 1099-OID data entry problem in Investing

FORM 1099-OID data entry problem

Re: FORM 1099-OID data entry problem