Get IRS 1099-OID 2019-2023

Form 1099-OID, "Original Issue Discount," is the IRS form that you received if you must include an amount of OID in your taxable income. OID is the excess of an obligation's stated redemption price at maturity over its issue price, and it is taxable as interest over the life of the obligation.

The IRS matches 1099s with your tax return; if you fail to report one, it will pursue you for taxes owed. The deadline to mail 1099s to taxpayers is Jan. 31. You are responsible for paying the taxes you owe even if you don't get the form from a payer, so make sure to include those earnings in your tax return.

Original issue discount (OID) is a form of interest. ... For bonds issued after 1984, the OID is treated as interest. It's taxable as it accrues over the term of the bond. You also get to increase your basis in the bond by the amount of OID included in income.

It is not necessary to file both Forms 1099-INT and 1099-OID. On Form 1099-OID, report the qualified stated interest in box 2 and the OID in box 1, 8, or 11, as applicable. However, you may choose to report the qualified stated interest on Form 1099-INT and the OID on Form 1099-OID.

It is not necessary to file both Forms 1099-INT and 1099-OID. On Form 1099-OID, report the qualified stated interest in box 2 and the OID in box 1, 8, or 11, as applicable. However, you may choose to report the qualified stated interest on Form 1099-INT and the OID on Form 1099-OID.

Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be considered taxable. See: Publication 1212 - Guide to Original Issue Discount (OID) Instruments.

Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be considered taxable. See: Publication 1212 - Guide to Original Issue Discount (OID) Instruments.

For bonds issued after 1984, the OID is treated as interest. It's taxable as it accrues over the term of the bond. You also get to increase your basis in the bond by the amount of OID included in income. This reduces your capital gain or increases your loss when you sell it.

Generally this is reported as tax-exempt interest on the tax return on Form 1040, Line 8b. However, in certain cases a portion of this amount may be considered taxable. See: Publication 1212 - Guide to Original Issue Discount (OID) Instruments.

What Is Form 1099-OID? Form 1099-OID, "Original Issue Discount," is the IRS form that you received if you must include an amount of OID in your taxable income. OID is the excess of an obligation's stated redemption price at maturity over its issue price, and it is taxable as interest over the life of the obligation.