Form 1099-OID, Original Issue Discount
Form 1099-OID reports original issue discount, the built-in interest that accrues when a bond is issued for less than its face value. Fill in the official IRS PDF below.
This is the genuine IRS PDF, unmodified. Source: IRS official page.
What is 1099-OID?
Form 1099-OID, Original Issue Discount, reports the OID a holder must include in gross income for the year. OID arises when a debt instrument, such as a zero-coupon bond or a note issued at a discount, is issued for less than its stated redemption price at maturity; the discount is treated as interest that accrues over the life of the instrument.
Payers file it when the OID includible in income is at least $10, when they withheld and paid foreign tax on OID, or when they withheld federal income tax under backup withholding rules regardless of the amount.
Who files 1099-OID?
- Issuers of debt instruments with original issue discount
- Brokers and other middlemen holding OID instruments for customers
- Any payer who applied backup withholding to OID payments
- Holders receive the form and report the OID as interest income on their return
How to fill out 1099-OID
- Enter the payer’s name, address, and TIN in the left-hand boxes.
- Add the recipient’s TIN, name, address, and an account number if needed.
- Report the year’s OID in box 1, any other periodic interest in box 2, and an early withdrawal penalty in box 3.
- Complete box 4 for backup withholding, box 6 for acquisition premium, box 8 for OID on US Treasury obligations, and box 11 for tax-exempt OID as they apply.
- Download the PDF, furnish Copy B to the recipient, and file Copy A with the IRS electronically or on official scannable stock.
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Frequently asked questions
Why did I get a 1099-OID when the bond paid me nothing this year?
OID accrues as taxable interest each year even if no cash is paid until maturity. Zero-coupon bonds are the classic case: you report income annually as the discount accrues.
Where do I report OID on my return?
OID is interest income. It generally goes on Form 1040 with your other interest, and on Schedule B if your total interest is over $1,500. The instrument’s acquisition premium can reduce the taxable amount.
What if the OID amount on the form looks wrong?
The payer’s figure assumes you bought at original issue. If you bought later at a premium or a different price, you may need to adjust it using the current Publication 1212 rules.