1040-US: Form 1099-OID data entry

You can use the table below to enter form information on the appropriate input screens.

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% = 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

Notes

  • If an amount is reported in both boxes 2 and 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 the Interest income field, and enter the dollar amount from box 8 in the US Ob ($ or %) field.
  • If no amount is reported in box 8, enter the amount from box 2 in the Interest income field.
  • If you disposed of the obligation or acquired it form another holder during the year, refer to IRS Publication 550 for reporting instructions.
  • If the OID to be reported is less than the amount shown on Form 1099-OID, enter an adjustment in the Interest income statement dialog (on Screen B&D in the Income folder). In the Type code column, select code 5 for Original Issue Discount (OID) adjustment and enter the adjustment in the Interest income column.

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