How to report OID from Treasury Inflation Protected Securities (TIPS) on Turbotax Home and Business

We received a 1099 from TreasuryDirect which includes 1099-INT for Treasury Notes and TIPS and a 1099-OID for the TIPS. Where/how is the OID put on Turbotax?

2363

1 Best answer

Level 6

Jun 4, 2019 1:07:36 PM

Follow these steps to enter the 1099-OID for your Treasury Inflation Protected Securities:

Select Federal Taxes
Under Income & Expenses scroll down to 1099-OID, Foreign Accounts, select Start
Select Form 1099-OID for original issue discount income
Select Yes for Any OID for 2017?
Enter your 1099-OID information, select Continue
Enter adjustments if any apply, select Continue

Your 1099-INT is entered under Income & Expenses as well. Scroll down to Interest on 1099-INT, select Start.

Level 6

Jun 4, 2019 1:07:36 PM

Follow these steps to enter the 1099-OID for your Treasury Inflation Protected Securities:

Select Federal Taxes
Under Income & Expenses scroll down to 1099-OID, Foreign Accounts, select Start
Select Form 1099-OID for original issue discount income
Select Yes for Any OID for 2017?
Enter your 1099-OID information, select Continue
Enter adjustments if any apply, select Continue

Your 1099-INT is entered under Income & Expenses as well. Scroll down to Interest on 1099-INT, select Start.

Why sign in to the Community?

How to report OID from Treasury Inflation Protected Securities (TIPS) on Turbotax Home and Business