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Level 1
June 4, 2019
Solved

OID transaction error how handle?

  • June 4, 2019
  • 1 reply
  • 9 views

I am getting multiple OID errors on Federal review, but Broker indicates no 1099 OID transactions. How clear this error ? Broker is Merril Lynch, and information was downloaded.

Best answer by CherylW

You can go into the OID section and Delete any transaction there.

To get to the OID section:

1.  Click on Federal Taxes across the top.

2.  Click Wages and Income.

3.  Scroll down to Interest and Dividends.

4.  Click Start or Update by 1099-OID, Foreign Accounts.

Delete any entry that's in that section.  

If you have any other questions, please post back to this thread.

1 reply

CherylWAnswer
Level 11
June 4, 2019

You can go into the OID section and Delete any transaction there.

To get to the OID section:

1.  Click on Federal Taxes across the top.

2.  Click Wages and Income.

3.  Scroll down to Interest and Dividends.

4.  Click Start or Update by 1099-OID, Foreign Accounts.

Delete any entry that's in that section.  

If you have any other questions, please post back to this thread.