You'll need to sign in or create an account to connect with an expert.
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:
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:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
emiliant
New Member
MS456
Level 2
cclaudio
Returning Member
iverlam
New Member
user420354867
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.