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FORM OID - BOX 1

GodFather
Level 8

I've researched this topic but have not found a definitive answer.  I have two 1099 OID forms.  Both forms only reflect an amount in Box 1.  No other box on either form has an amount.  Is the amount in Box 1 treated as interest income on Schedule B?  

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

yes  If you look at Sch B, Box 1 says Interest or OID.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
GodFather
Level 8

Thank you, Lisa.