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New Member
posted Apr 1, 2024 8:38:49 AM

1099-oid original issue discount.

1099-oid original issue discount.

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1 Replies
Expert Alumni
Apr 1, 2024 8:48:39 AM

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?
    1. Sign into your TurboTax account.
    2. Open or continue your return and then search for this exact phrase (we recommend you copy/paste from here): 1099-oid original issue discount
    3. Select the Jump to link from the results list.
    4. On the Miscellaneous Investment Income screen, select the first box for Form 1099-OID.
    5. Select Continue.
    6. Answer Yes on the next screen, and continue to follow the on-screen instructions to import or manually enter your 1099-OID.
    7. If you land on the Form 1099-OID Summary screen, select Add Another Payer, and then follow the instructions to import or manually enter.