Original issue discount is reported like interest income with different entry instructions. Purchasing a bond at a discount requires reporting of the discount as interest each year.
- Where do I enter 1099-OID?
- Sign into your TurboTax account.
- Open or continue your return and then search for this exact phrase (we recommend you copy/paste from here): 1099-oid original issue discount
- Select the Jump to link from the results list.
- On the Miscellaneous Investment Income screen, select the first box for Form 1099-OID.
- Select Continue.
- Answer Yes on the next screen, and continue to follow the on-screen instructions to import or manually enter your 1099-OID.
- If you land on the Form 1099-OID Summary screen, select Add Another Payer, and then follow the instructions to import or manually enter.