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Level 1
June 4, 2019
Solved

OID transaction error how handle?

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.

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.

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.