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1099-OID
(redirected from Form 1099-OID)

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1099-OID
A form that an issuer sends to all investors listing all income from interest on discount issues. This includes income from zero-coupon bonds, Treasury bills, and other securities issued at a discount from par. Investors are to include this income when calculating their taxable income.

1099-OID
An annual report sent to investors and the Internal Revenue Service that lists interest income from taxable original-issue discount securities. The form, which originated during the 1984 tax year, reports the amount of implied and real income derived from original-issue discount securities such as Treasury bills, zero-coupon bonds, and commercial paper. Income shown on a 1099-OID is to be included on Part I in Schedule D of an investor's federal income tax return.


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6045: * Form 1099-DIV, Dividends and Distributions; * Form 1099-INT, Interest Income; * Form 1099-MISC, Miscellaneous Income; * Form 1099-OID, Original Issue Discount; * Form 1099-PATR, Taxable Distributions Received from Cooperatives; * Form 1099-Q, Payments from Qualified Education Programs (Under Sections 529 and 530); * Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
The issuer of a taxable bond with OID is required to issue Form 1099-OID to report the discount to be included as ordinary income on the taxpayer's current-year income tax return.
Issuers of debt instruments Corporations issuing debt obligations now have more definitive guidance for computing the amount of OID for purposes of Form 1099-OID reporting and for deducting interest expense o their tax returns.
 
 
 
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