Skip to main content
TurboTax
Community
TurboTax
TurboTax
R
RJ50
Level 2
August 28, 2022
Question

OID bond premium

  • August 28, 2022
  • 2 replies
  • 20 views

Anyone have an idea why TT turns the box red when I insert a bond premium on the OID page? The premium is less than the OID amount. If I select anything other than Bond Premium TT appears to be happy.

    2 replies

    A
    Anonymous_
    Level 15
    August 28, 2022

    You need to enter an amount for bond interest (Box 2).

      R
      RJ50Author
      Level 2
      August 28, 2022

      There is an amount in Line 2. And it is greater than the amount of the bond premium. I'm trying to enter the premium in Line 10 which then gives me a red box there. If instead I attempt to enter it below that as an adjustment (as bond premium) it gives me a red box there. However, I just noticed that if I enter the value in Line 10 AND ALSO as an adjustment, the adjustment box is normal but Line 10 is still red. I believe I should just be able to enter the value in Line 10. Not sure what TT is looking for.

      Mike9241
      Level 15
      Mike9241Level 15
      Level 15
      August 29, 2022

      if it's the same bond how do you have OID and bond premium? if this is a 1099 from a broker and represents multiple bonds use 1099-INT. 

      Mike9241
      R
      RJ50Author
      Level 2
      August 29, 2022

      There are two bonds, both are OID. The premium is only for one.

      R
      RJ50Author
      Level 2
      August 29, 2022

      Also, it's a variable rate bond that is subject to OID.

      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Explore your options
      Terms & ConditionsAccessibility statement
      Sitemap
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2026 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      About Cookies Manage cookies

      TRUSTe nResult Certified e-File C-Level Security Certification
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Copyright © Intuit Canada ULC, 2026. All rights reserved.

      About Cookies Manage cookies

      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

      © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

      À propos des témoins Gérer les témoins