I'm receiving an error from form 1099-OID in Turbo Tax 2023 - "The bond premium (Box 8) is greater than the interest income reported in Box 2." I'm not sure how to fix?

breaksr609 · Apr 10, 2024 7:08:35 AM

The error mentions: "You must reduce the bond premium amount reported on this 1099-OID to the amount of interest income,..". The information I received for the 1099-OID is from a brokerage account.

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I'm receiving an error from form 1099-OID in Turbo Tax 2023 - "The bond premium (Box 8) is greater than the interest income reported in Box 2." I'm not sure how to fix?

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