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jguttman
New Member

1099-OID bond premium on tax free

Brilliant suggestion and it worked.  Thanks so much!

1099-OID bond premium on tax free

I am using TT Premier 2023 and the problem is still there.

RoQuiJr hit the nail on the head.

 

I got a Combined 1099 form.  My OID showed entries in Box 6, 8, 10 and 11.  There is no Box 2,

I reduced the Box 10 to 0, then followed his instructions.

I checked my Sch. A, and on Line16 is the "Amortizable Bond Premium", with the amount from Box 10

1099-OID bond premium on tax free

In 2024 tax year TurboTax the OID complication is still there. My 1099-OID is from a small independent investment firm. I will try the recommendation from RoQuiJr. It should not be this complicated and require hours of digging through Forum posts to come up with a hopefully suitable approach to legitimately avoid the error. TurboTax support, are you listening? 

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