1099-OID

[tammie]

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.

[dd4vols]

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.

[Jim-from-Ohio]

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

[tammie]

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!

[sototaxspot]

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