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File Form 1099-OID if the OID includible in gross income is at least $10 or any person for whom you withheld and paid any foreign tax on OID or from whom you withheld (and did not refund) any federal income tax under the backup withholding rules even if the amount of the OID is less than $10.
Original issue discount (OID) is the excess of an obligation’s stated redemption price at maturity over its issue price (acquisition price for a stripped bond or coupon).
File Form 1099-OID, Original Issue Discount, if the total daily portions of original issue discount (OID) for a holder is at least $10 and you are any of the following. An issuer with any bond outstanding or other evidence of indebtedness in registered or bearer form issued with OID.
IRS form 1099-OID is used to report taxable income on certain bonds and other debt issues that were purchased at a discount from face value.
Form 1099-OID, Original Issue Discount, exists to report income when bonds, notes, or certificates of deposit (CDs) are sold at a discount from their maturity value. For example, a bond with a $1,000 face value may be sold for $900.
Form 1099-OID, or original issue discount, is a tax document used to report a specific kind of interest income, typically from certain bonds, notes, certificates, or debentures (long-term business debt not secured by collateral).
Original issue discount (OID) is a form of interest. It usually occurs when companies issue bonds at a price less than their redemption value at maturity. The difference between these two amounts is the OID. For bonds issued after 1984, the OID is treated as interest.