Form 1099-OID (Rev. January 2024)

Status: Original and derived artifacts are available for this document.

Download: pdf

Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at IRS.gov/Form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
If you have 10 or more information returns to file, you may be required to file e-file. Go to
IRS.gov/InfoReturn for e-file options.
If you have fewer than 10 information returns to file, we strongly encourage you to e-file. If
you want to file them on paper, you can place an order for the official IRS information
returns, which include a scannable Copy A for filing with the IRS and all other applicable
copies of the form, at IRS.gov/EmployerForms. We’ll mail you the forms you request and
their instructions, as well as any publications you may order.
See Publications 1141, 1167, and 1179 for more information about printing these forms.

9696

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.

1 Original issue discount for
the year

OMB No. 1545-0117

$
Form
2 Other periodic interest

1099-OID

(Rev. January 2024)

Original Issue
Discount

For calendar year

$
PAYER’S TIN

RECIPIENT’S TIN

RECIPIENT’S name

3 Early withdrawal penalty

4 Federal income tax withheld

$

$

5 Market discount

6 Acquisition premium

$

$

7 Description

Copy A
For
Internal Revenue
Service Center
File with Form 1096.

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

8 Original issue discount on
U.S. Treasury obligations

9 Investment expenses

$

$

FATCA filing 10 Bond premium
requirement

$

11 Tax-exempt OID

$

2nd TIN not. 12 State 13 State identification no. 14 State tax withheld

Account number (see instructions)

$
$
Form 1099-OID (Rev. 1-2024)

Cat. No. 14421R

www.irs.gov/Form1099OID

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
current General
Instructions for
Certain
Information
Returns.

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.

1 Original issue discount for
the year

OMB No. 1545-0117

$
Form
2 Other periodic interest

1099-OID

(Rev. January 2024)

Original Issue
Discount

For calendar year

$
PAYER’S TIN

RECIPIENT’S TIN

RECIPIENT’S name

3 Early withdrawal penalty

4 Federal income tax withheld

$

$

5 Market discount

6 Acquisition premium

$

$

Copy 1
For State Tax
Department

7 Description
Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

8 Original issue discount on
U.S. Treasury obligations

9 Investment expenses

$

$

FATCA filing 10 Bond premium
requirement

$
Account number (see instructions)

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$
$
Form 1099-OID (Rev. 1-2024)

www.irs.gov/Form1099OID

Department of the Treasury - Internal Revenue Service

CORRECTED (if checked)
PAYER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.

1 Original issue discount for
the year*

OMB No. 1545-0117

$
* This may not be the correct figure Form
to report on your income tax return.
See instructions on the back.

2 Other periodic interest

1099-OID

(Rev. January 2024)

Original Issue
Discount

For calendar year

$
PAYER’S TIN

RECIPIENT’S TIN

3 Early withdrawal penalty

4 Federal income tax withheld

$

$

5 Market discount

6 Acquisition premium

Copy B
For Recipient

$

RECIPIENT’S name

$

7 Description
Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

8 Original issue discount on
U.S. Treasury obligations*

9 Investment expenses

$

$

FATCA filing 10 Bond premium
requirement

$

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

Account number (see instructions)

$
$
Form 1099-OID (Rev. 1-2024)

(keep for your records)

www.irs.gov/Form1099OID

This is important tax
information and is
being furnished to
the IRS. If you are
required to file a
return, a negligence
penalty or other
sanction may be
imposed on you if
this income is
taxable and the IRS
determines that it
has not been
reported.

Department of the Treasury - Internal Revenue Service

Instructions for Recipient
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). OID on a taxable obligation is taxable as interest over the life of the
obligation. If you are the holder of a taxable OID obligation, you must generally
include an amount of OID in your gross income each year you hold the
obligation. Obligations that may have OID include a bond, debenture, note,
certificate, or other evidence of indebtedness having a term of more than 1 year.
For example, the OID rules may apply to certificates of deposit (CDs), time
deposits, bonus savings plans, and other deposit arrangements, especially if the
payment of interest is deferred until maturity. In addition, the OID rules apply to
Treasury inflation-protected securities. See Pub. 550 for more information.
If, as the record holder, you receive Form 1099-OID showing amounts
belonging to another person, you are considered a nominee recipient. Complete
a Form 1099-OID for each of the other owners showing the amounts allocable to
each. File Copy A of the form with the IRS. Furnish Copy B to each owner. List
yourself as the “payer” and the other owner as the “recipient.” File Form(s)
1099-OID with Form 1096 with the Internal Revenue Service Center for your
area. On Form 1096, list yourself as the “filer.” A spouse is not required to file a
nominee return to show amounts owned by the other spouse. If you bought or
sold an obligation during the year and you are not a nominee, you are not
required to issue or file Form 1099-OID showing the OID or stated interest
allocable to the seller/buyer of the obligation.
The information provided may be different for covered and noncovered
securities. For a description of covered securities, see the Instructions for Form
8949. For a covered security acquired with acquisition premium, your payer
must generally report either (1) a net amount of OID that reflects the offset of
OID by the amount of acquisition premium amortization for the year, or (2) a
gross amount for both the OID and the acquisition premium amortization for the
year. For a noncovered security acquired with acquisition premium, your payer
is only required to report the gross amount of OID.
Recipient’s taxpayer identification number (TIN). For your protection, this
form may show only the last four digits of your TIN (social security number
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
identification number (ATIN), or employer identification number (EIN)). However,
the issuer has reported your complete TIN to the IRS.
FATCA filing requirement. If the FATCA filing requirement box is checked, the
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting
requirement. You may also have a filing requirement. See the Instructions for
Form 8938.
Account number. May show an account or other unique number the payer
assigned to distinguish your account.

Box 1. Shows the OID on a taxable obligation for the part of the year you owned
it. Report the amount in box 1 as interest income on your income tax return.
However, depending on the type of debt instrument, the issue or acquisition
date, and other factors (for example, if you paid acquisition or bond premium, or
the obligation is a stripped bond or coupon), you may have to figure the correct
amount of OID to report on your return. See Pub. 1212 for details on how to
figure the correct OID. See the instructions above for a covered security
acquired with acquisition premium.
Box 2. Shows qualified stated interest on this obligation for the year, which is an
amount separate from the OID. If you held the obligation the entire year, report
this amount as interest income on your tax return. If you disposed of the
obligation or acquired it from another holder during the year, see Pub. 550 for
reporting instructions. If there is an amount in both boxes 2 and 8, the amount in
box 2 is interest on a U.S. Treasury obligation and is exempt from state and
local income taxes. If there is an amount in both boxes 2 and 11, the amount in
box 2 is tax-exempt interest and is not included in interest income on your tax
return. In general, see how to report tax-exempt interest in the Instructions for
Form 1040.
Box 3. Shows interest or principal forfeited if you withdrew the money before
the maturity date of the obligation, such as from a CD. You may deduct this
amount to figure your adjusted gross income on your income tax return. See the
Instructions for Form 1040 to see where to take the deduction.
Box 4. Shows backup withholding. Generally, a payer must backup withhold if
you did not furnish your TIN or you did not furnish the correct TIN to the payer.
See Form W-9 for information on backup withholding. Include this amount on
your income tax return as tax withheld.
Box 5. For a covered security acquired with OID, if you made an election under
section 1278(b) to include market discount in income as it accrues and you
notified your payer of the election in writing in accordance with Regulations
section 1.6045-1(n)(5), shows the market discount that accrued on the debt
instrument during the year while held by you. For a tax-exempt obligation that is
a covered security acquired on or after January 1, 2017, and issued with OID,
shows the market discount that accrued on the obligation during the year while
held by you. For a covered security acquired on or after January 1, 2015, market
discount will be calculated on a constant yield basis unless you notified your
payer in writing in accordance with Regulations section 1.6045-1(n)(5) that you
did not want to make a constant yield election for market discount under section
1276(b). The payer may, but is not required to, report the market discount for a
tax-exempt obligation that is a covered security acquired before January 1,
2017. Report the accrued market discount on your income tax return as directed
in the Instructions for Form 1040. Market discount on a tax-exempt security is
includible in taxable income as interest income.
(Continued on the back of Copy 2)

CORRECTED (if checked)
PAYER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.

1 Original issue discount for
the year

OMB No. 1545-0117

$
Form
2 Other periodic interest

1099-OID

(Rev. January 2024)

Original Issue
Discount

For calendar year

$
PAYER’S TIN

RECIPIENT’S TIN

RECIPIENT’S name

3 Early withdrawal penalty

4 Federal income tax withheld

$

$

5 Market discount

6 Acquisition premium

$

$

7 Description

Copy 2
To be filed with
recipient’s state
income tax
return, when
required.

Street address (including apt. no.)

City or town, state or province, country, and ZIP or foreign postal code

8 Original issue discount on
U.S. Treasury obligations

9 Investment expenses

$

$

FATCA filing 10 Bond premium
requirement

$
Account number (see instructions)

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$
$
Form 1099-OID (Rev. 1-2024)

www.irs.gov/Form1099OID

Department of the Treasury - Internal Revenue Service

Instructions for Recipient (continued)
Box 6. For a taxable covered security, shows the amount of acquisition
premium amortization for the year that reduces the amount of OID that is
included as interest on your income tax return. If an amount is reported in this
box, see the Instructions for Schedule B (Form 1040). If an amount is not
reported in this box for a covered security acquired with acquisition premium,
the payer has reported a net amount of OID that reflects the offset of OID that is
included in income. If the payer has reported a net amount of OID in box 1 or
box 8, you must report the net amount of OID on Schedule B (Form 1040) and
you must not make an adjustment to this amount for acquisition premium on
Schedule B (Form 1040).
If there is an amount in both boxes 6 and 11, for a tax-exempt obligation that
is a covered security acquired on or after January 1, 2017, and is issued with
OID, the amount in box 6 shows the amount of acquisition premium
amortization for the year that reduces the amount of your tax-exempt OID for
the year. The payer may, but is not required to, report the acquisition premium
for a tax-exempt obligation that is a covered security acquired before January 1,
2017, and issued with OID. See the instructions above for a covered security
acquired with acquisition premium.
Box 7. Shows the identification (CUSIP) number or description of the obligation
(may include the stock exchange, issuer, coupon rate, and year of maturity).
Box 8. Shows OID on a U.S. Treasury obligation for the part of the year you
owned it. Report this amount as interest income on your federal income tax
return and see Pub. 1212 to figure any appropriate adjustments to this amount.
This OID is exempt from state and local income taxes and is not included in
box 1. See the instructions above for a covered security acquired with
acquisition premium. If the number in this box is negative, it represents a
deflation adjustment. See Pub. 550 for further information on accounting for this
adjustment.
Box 9. Any amount shown is your share of investment expenses of a singleclass REMIC. This amount is included in box 2. Note: This amount is not
deductible.

Box 10. For a taxable covered security, including a Treasury inflation-protected
security, shows the amount of premium amortization allocable to the interest
payment(s), unless you notified the payer in writing in accordance with
Regulations section 1.6045-1(n)(5) that you did not want to amortize bond
premium under section 171. If an amount is reported in this box, see the
Instructions for Schedule B (Form 1040). If an amount is not reported in this box
for a taxable covered security acquired at a premium and the payer is reporting
premium amortization, the payer has reported a net amount of interest in box 2.
If the amount in this box is greater than the amount of interest paid on the
covered security, see Regulations section 1.171-2(a)(4).
If there is an amount in both boxes 10 and 11, for a tax-exempt obligation that
is a covered security acquired on or after January 1, 2017, and issued with OID,
the amount in box 10 shows the amount of premium amortization for the year
that reduces the amount of your tax-exempt interest for the year. The payer
may, but is not required to, report the premium amortization for a tax-exempt
obligation that is a covered security acquired before January 1, 2017, and
issued with OID.
Box 11. For a tax-exempt obligation that is a covered security acquired on or
after January 1, 2017, shows the tax-exempt OID on the obligation for the part
of the year you owned it. The payer may, but is not required to, report the OID
for a tax-exempt obligation that is a covered security acquired before January 1,
2017. In general, report the amount of tax-exempt OID on Form 1040 or
1040-SR. See the instructions above for a covered security acquired with
acquisition premium.
Boxes 12–14. State income tax withheld reporting.
Future developments. For the latest information about developments related to
Form 1099-OID and its instructions, such as legislation enacted after they were
published, go to www.irs.gov/Form1099OID.
Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost
online federal tax preparation, e-filing, and direct deposit or payment options.