received 1099-OID had data only in box 1.

[bbridge]

The company that supplied  the 1099-OID to our LLC transferred funds to our LLC and indicated that they were a reduction in principal as opposed to interest payments. The provided OID only has data in Box 1. Box 2 is empty. How do I treat that on the 1065?

[DianeW777]

The Form 1099-OID is reported like interest and Box 1 is interest income for your tax return, even if you didn't receive it yet.

• What is Form 1099-OID?
• Where do I report Form 1099-OID?

[chastity_lashure]

Good Day.

I had an issue with a 1099 OID, where the jump to did not work. We had just entered in the 1099 OID seach. That did not work.  I found this resources that indicates, you must use exact wording. to do so. I hope this helps anyone else that is having issues entering in the form for the 1099 OID.

Please Search-  1099 OID original issue discount.  then do the Jump too. 

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