Form 1099-OID data entry
To enter information from Form 1099-OID, Original Issue Discount, you can either:
- Use Source Data Entry.
- Use the following table to find where to enter the information.
Form field | Folder > Screen | Field | Statement column |
|---|---|---|---|
Payer’s Name | Income > B&D | Interest Income | Payer |
Recipient’s TIN | Income > B&D | Interest Income | T S J |
Box 1 - Original issue discount | Income > B&D | Interest Income | Interest income |
Box 2 - Other periodic interest | Income > B&D | Interest Income | Interest income |
Box 3 - Early withdrawal penalty | Income > B&D | Interest Income | Early W/D Penalty |
Box 4 - Federal income tax withheld | Income > B&D | Interest Income | Fed W/H |
Box 5 - Market discount | Income > B&D | Interest Income | Interest Income |
Box 6 - Acquisition premium | Income > B&D | Interest Income | Interest Income, Type code = 5 |
Box 8 - Original issue discount on U.S. Treasury obligations | Income > B&D | Interest Income | Interest income, US Ob ($ or %) = 100% |
Box 9 - Investment expenses | Income > B&D | Interest Income | Inv Exp |
Box 10 - Bond premium | Income > B&D | Interest Income | Interest Income, Type code = 6 |
Box 11 - Tax-exempt OID | Income > B&D | Interest Income | Tax Exempt |
Box 12 - State | Income > B&D | State | State |
Box 13 - State identification no. | Income > B&D | Interest Income | State ID No. |
Box 14 - State tax withheld | Income > B&D | Interest Income | State W/H |
note
- If an amount is reported in both Box 2 and Box 8, the amount in Box 2 is interest on a U.S. Treasury obligation and is exempt from state and local income taxes. Enter the amount from Box 2 in theInterest incomefield, and enter the dollar amount from Box 8 in theUS Ob ($ or %)field.
- If no amount is reported in Box 8, enter the amount from Box 2 in theInterest incomefield.
- If you disposed of the obligation or acquired it from another holder during the year, check IRS Publication 550 for reporting instructions.
- If the OID to be reported is less than the amount shown on Form 1099-OID, open the Type code column and select code5forOriginal Issue Discount (OID)adjustment. Enter the adjustment in Interest income.
- To access the columns for foreign amounts, select
Show foreign columnsfrom the toolbar.
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