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Level 5
April 15, 2025
Question

1099-OID

  • April 15, 2025
  • 3 replies
  • 19 views

I understand the outcome of this, and I've done it a million times in Ultratax, but I cannot figure out the proper way to input this in Proseries.  The part giving me trouble is where exactly do I input box 6 (acquisition premium), and box 11 (tax-exempt OID)?  Thank you!

 

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3 replies

Just-Lisa-Now-
Intuit Community Champion
April 15, 2025

Double click on the Interest entry line and second worksheet opens for these kinds of things.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Opfor77Author
Level 5
April 15, 2025

Yes, but I cannot figure out exactly where to enter it, and I don't know why.  

Just-Lisa-Now-
Intuit Community Champion
April 15, 2025

Box 8 and 9 are right on the front entry screen.  The acquisition premium either goes on part D or E on the secondary worksheet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪