1099-OID

Forum|Forum|6 years ago
March 10, 2020
4 replies
39 views

Could anyone direct me to the location where I would enter an Original Issue Discount (Non-US Treasury Obligations--I really need specifics because I have no idea what I am looking at or for. Thank you for any help.

ProSeries Professional

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dd4vols

Intuit Community Champion

Since you say you are ProSeries Professional user... go to Schedule B... the top part "Interest Income Smart Worksheet" Box 1.. has "OID INT*" look at the bottom of that smart worksheet beside the "*", see if that helps you.

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Jim-from-Ohio

Intuit Community Champion

included in Box 1 on Interest Income Smart Worksheet, as part of regular interest income.

T

tammieAuthor

Level 4

Oh my gosh you all!!! is it that simple--I have never noticed that it says OID in that interest worksheet--thank you for the eye opening revelation everyone!

S

sototaxspot

Level 2

I am using the IRS Transcripts for tax year 2019 and there is a 1099 OID form for original discount of $512. Based on my research, I understand that this goes in the schedule B in proseries as interest. My question is: "what interest type do I select"? Does anyone have any feedback that could help me.

I would very much appreciate it.

Thank You

Jesus Soto

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