nolanm
Level 4

Hi - I have a Merrill 1099

1st page 1099-Int has $1000 in box 1 nothing else. Zero in Box 8. 

Further down in the form has a box for 1099-OID. This shows $3,100 in line 1. No acquisition discounts or premiums. Below it total OID still $3,100

The notes in the statement say that the OID in Line 1 is taxable, unless adjustments (which I don't see any)

Is the correct approach to add the $3,100 to the $1000. And show $4,100 as the total in Box 1 Schedule B in Interest Inc/OID int ? 

Thanks for input 

0 Cheers