What to Do With 1099-OID

Form 1099-OID Original Issue Discount for interest, is a lesser-known IRS form. You may have received one if a certain debt instrument (bond, etc.) is sold at a discount and you receive interest income from this exchange. This form and income is treated as taxable income in the form of interest. You can add this to your eFile account to generate the needed forms and add it to your taxable income.

Step
Description
1. Sign in to eFile.com
Sign in to eFile.com or sign up here, then enter all your personal identifying information.
2. Where Do I Enter Data?
eFile will guide you through entering all types of income. You will be prompted to enter your interest income under the Interest and Dividends section. Answer "Yes" when asked if you sold any stocks, bonds, mutual funds or other investments. Select that you did not receive a 1099-B and continue. This will allow eFile to report the investment income on Form 8949 and Schedule D as needed.
3. How to Manually Add Data
To manually add your form, navigate to Federal Taxes > Review > I'd like to see the forms I've filled out or search for a form and enter "1099-B" or "8949." Select that you did not receive a 1099-B and continue. You can then fill out the details based on the form you received.
4. Box Descriptions
There are a few boxes on the form, but below are the most common that will be filled in.
1: Date of sale or exchange
2: Aggregate amount received
3: Number of shares exchanged.
Box 2 shows the taxable amount and you will want to enter this into the entry box.
5. How to Add, Delete a Form or Page

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