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GodFather
Intuit Community Champion
Apr 14, 2022 12:36 AM UTC
Question

FORM OID - BOX 1

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 replies

Just-Lisa-Now-
Intuit Community Champion
Apr 14, 2022 1:04 AM UTC

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
GodFather
GodFatherIntuit Community ChampionAuthor
Intuit Community Champion
Apr 14, 2022 9:39 AM UTC

Thank you, Lisa.