I am using the turbo tax business 2020, I followed the instruction search the team" 1099-oid original issue discount", but there is no jump to link in the result screen, it only has the following statement:
When you purchase a bond or note at a discount, you'll get Form 1099-OID (Original Issue Discount). The discount is taxable interest over the life of the bond, which gets reported every year you hold the bond, even if you don't actually receive any interest.
Here's how to enter your 1099-OID in TurboTax:
To remove an unwanted 1099-OID, follow Steps 1-3. This will bring you to the Form 1099-OID Summary screen where you can select Delete next to the unwanted 1099-OID.?
Anybody can help how could I input 1099-OID information for business 2020?
You'll need to sign in or create an account to connect with an expert.
Read through the two threads that appear below.
Note that there is no "jump to" link in TurboTax Business for a 1099-OID; the instructions posted for that form that mention a "jump to" link apply to the individual income tax preparation products.
Further note that you will need to use Forms Mode if you need to enter a figure on Line 13 of 1099-INT.
My financial institution downloaded about 100 OID forms....How do I maneuver through them since they don't even have an account number (or last few digits) to help me know which are 2020 and not repeated. I had duplicates on my INT and DIV
Downloaded where? Are you using TurboTax Business?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
garayitxaso
New Member
focus123
Level 2
Sunny-641
New Member
art862
New Member
tklein1668
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.