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Form 1099-OID on Fiduciary Form 1041

Leetpurple
Level 3

Where do I file Form 1099-OID on Fiduciary Form 1041?

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Terry53029
Level 14
Level 14

Page 1 on 1041, interest income line 1, click on the magnifying glass. You should check on this link to learn about OID interest.

 https://www.irs.gov/publications/p1212

 

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sjrcpa
Level 15

If the OID is taxable you report it as you would any other interest income.

The more I know, the more I don't know.
Leetpurple
Level 3

Thanks, but this did not help.

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Terry53029
Level 14
Level 14

Page 1 on 1041, interest income line 1, click on the magnifying glass. You should check on this link to learn about OID interest.

 https://www.irs.gov/publications/p1212

 

Leetpurple
Level 3

Thank you so much for sending me to Pub 1212, it was very helpful. I am grateful for your help!

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