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psow
New Member

TTBusiness - can't enter 1099OID anywhere

I forgot to enter 1099-OID info  for s trust.  Went back to enter it and am unable. I have been researching and see lots of instructions where I have to go to miscellaneous income or wages and income but I do not have those choices.  Under the income section,  I have "interest and dividends", investment income", "rents and royalties", "business investment and estate/trust income" and "other income or loss".  I have visited each of these sections and find no 1099 oid option.  I spent an hour on the phone with customer service.  I was unable to share my screen but he walked me through all his info and we could never find a place to enter the info.  Any ideas?

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1 Reply
LindaS5247
Employee Tax Expert

TTBusiness - can't enter 1099OID anywhere

You will enter your Form 1099-OID in the Wages & Income section in TurboTax as follows: 

 

You can get to the section in TurboTax to enter your Form 1099-OID as follows:

 

  1. Click on the Search Icon at the top right of your screen.
  2. Type the following exactly like this in the search box: "1099-oid original issue discount"
  3. Click the link "Jump to 1099-oid original issue discount"
  4. Your screen will say "Miscellaneous Investment Income"
  5. Check the box "Form 1099-OID for original issue discount income"
  6. Next screen will say, "Any OID 2024?" click on Yes"
  7. On the next screen "Original Issue Discount"
  8. Here you will enter your 1099-OID information.
  9. Follow the screen and answer any follow-up questions pertaining to your Form 1099-OID

 

 

Your screen will look something like this:

 

Click on "Search" and type "1099-oid original issue discount" in the search box:

 

 

Check the box for Form 1099-OID:

 

 

Enter your Form 1099-OID information here:

 

 

Click here for "Where do I enter Form 1099-OID?"

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