Can I exclude filling out OID forms on TT when the final amount of income is 0?

[Periwinkle65]

I have almost 50 municipal bonds held at separate brokerages which result in OIDs. Except for a few, the amount to be reported is 0. It is time-consuming to have to prepare each of these forms. 

As I begin this year's TT, I am greeted with a list of all the information included in last year's taxes. I am wondering whether I can omit all the OIDs from this list? I could then enter as new information only those OIDs which have an actual amount to report? 

This would seem logical in that there is no requirement to report non-income to the IRS. 

[baldietax · Accepted solution]

If you mean you're getting consolidated 1099s with 1099-OIDs that just have zeros in all boxes then you don't need to enter those.  If you have old 1099-OIDs from prior year that are now all zeros you should be able to delete during the carryover process (at least on Desktop it presents the list, not sure Online but I assume it's similar) or you can delete from Forms mode on Desktop or from the Income Summary list.

[baldietax]

let's keep this to 1 thread but the verbiage in your other posts was slightly different you're referring to "resolve to zero" or " turn out to have a final value of 0" - what do you mean by this?  are you referring to premium adjustment exactly offsetting the OID?