Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 10:35:07 AM

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

0 1 4244
1 Replies
Level 2
Jun 3, 2019 10:35:10 AM

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