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Level 3
March 31, 2022
Question

1099 OID

  • March 31, 2022
  • 1 reply
  • 12 views

I have a new client that has 5 Edward Jones accounts and they all have 1099OID's.  There are numbers in the tax exempt OID (Box 11).  Where is the correct place to post this on the interest worksheet?  It does not seem to fit anywhere.  How should this be handled?  

If anyone has an answer for me, I would certainly appreciate the correct way to enter this information. 

Than you!

Debbie

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1 reply

sjrcpa
Level 15
March 31, 2022

Enter the same as you would for non OID tax exempt interest.

The more I know the more I don’t know.
LakeGirlAuthor
Level 3
March 31, 2022

So I should post it in Box 8 on the interest worksheet even tho the Form 1099 OID says Box 11?