TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

1099-OID issue

Forum|Forum|3 years ago
March 12, 2023
1 reply
5 views

On my 1099-OID the amount in Box 2 is $0.00, the amount in box 10 is $273.90. During verification TurboTax flags an error on Schedule B, stating the amount in box 10 must be reduced to not exceed the amount in box 2 and any excess should be reported on Schedule A. Shouldn't TT be making the adjustment and appropriate entry on schedule A, or could this be an error on my 1099-OID?

Alumni - Champ

GPD84,

I'm guessing you are talking about a TreasuryDirect 1099-OID form, but in any case read through

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/reporting-interest-from-treasury-inflation-protected-securities-tips/00/2889483

for a choice of three possible ways to avoid throwing away the Box 12 bond premium via a worthless Schedule A entry.