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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 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 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 code
    5
     for
    Original Issue Discount (OID)
     adjustment. Enter the adjustment in Interest income.
  • To access the columns for foreign amounts, select globe icon
    Show foreign columns
     from the toolbar.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual

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