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Level 4
March 25, 2024
Question

Where to enter OID on Tax Exempt Bond

  • March 25, 2024
  • 1 reply
  • 8 views

I have a 1099-OID which shows Tax Exempt OID (Box 11) of $1,309. When I enter that amount in the Schedule B - Additional Interest Information Part D Line 4 (Bond/Acquisition Premium on tax-exempt bond) I get an error because on the 1099-B it shows no tax exempt interest. How do I enter the OID?

1 reply

Jim-from-Ohio
Intuit Community Champion
March 25, 2024

Schedule B, Box 8 is what i use

Level 4
February 19, 2026

So in other words, you combine the Tax-Exempt OID with the Tax-Exempt Interest for entry in Box 8 of the Schedule B?