IRS Form 1099-OID "Original Issue Discount"

What Is IRS Form 1099-OID?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on October 1, 2019. As of today, no separate filing guidelines for the form are provided by the IRS.

Form Details:

  • A 9-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Additional instructions and information can be found on page 5 of the document;
  • Editable, printable, and free;
  • Fill out the form in our online filing application.

Download a fillable version of IRS Form 1099-OID through the link below or browse more documents in our library of IRS Forms.

ADVERTISEMENT
ADVERTISEMENT

Download IRS Form 1099-OID "Original Issue Discount"

733 times
Rate (4.4 / 5) 44 votes
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 www.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.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
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 www.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.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
VOID
CORRECTED
9696
PAYER’S name, street address, city or town, state or province, country,
1 Original issue discount for
OMB No. 1545-0117
ZIP or foreign postal code, and telephone no.
the year
$
1099-OID
Original Issue
Form
Discount
(Rev. October 2019)
2 Other periodic interest
For calendar year
20
$
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
Copy A
$
$
5 Market discount
6 Acquisition premium
For
Internal Revenue
RECIPIENT’S name
$
$
Service Center
7 Description
File with Form 1096.
Street address (including apt. no.)
For Privacy Act
and Paperwork
City or town, state or province, country, and ZIP or foreign postal code
8 Original issue discount on
9 Investment expenses
Reduction Act
U.S. Treasury obligations
Notice, see the
$
$
current General
10 Bond premium
11 Tax-exempt OID
FATCA filing
Instructions for
requirement
Certain
$
$
Information
Account number (see instructions)
2nd TIN not.
12 State 13 State identification no. 14 State tax withheld
Returns.
$
$
1099-OID
Form
(Rev. 10-2019)
Cat. No. 14421R
www.irs.gov/Form1099OID
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,
1 Original issue discount for
OMB No. 1545-0117
ZIP or foreign postal code, and telephone no.
the year
$
1099-OID
Original Issue
Form
Discount
(Rev. October 2019)
2 Other periodic interest
For calendar year
20
$
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
Copy 1
$
$
5 Market discount
6 Acquisition premium
For State Tax
Department
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
9 Investment expenses
U.S. Treasury obligations
$
$
10 Bond premium
11 Tax-exempt OID
FATCA filing
requirement
$
$
Account number (see instructions)
12 State 13 State identification no. 14 State tax withheld
$
$
1099-OID
Form
(Rev. 10-2019)
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,
1 Original issue discount for
OMB No. 1545-0117
ZIP or foreign postal code, and telephone no.
the year*
$
1099-OID
Original Issue
* This may not be the correct figure
Form
to report on your income tax return.
Discount
See instructions on the back.
(Rev. October 2019)
2 Other periodic interest
For calendar year
20
$
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
Copy B
$
$
5 Market discount
6 Acquisition premium
For Recipient
RECIPIENT’S name
$
$
7 Description
This is important tax
Street address (including apt. no.)
information and is
being furnished to
the IRS. If you are
required to file a
City or town, state or province, country, and ZIP or foreign postal code
8 Original issue discount on
9 Investment expenses
return, a negligence
U.S. Treasury obligations*
penalty or other
sanction may be
$
$
imposed on you if
10 Bond premium
11 Tax-exempt OID
FATCA filing
this income is
requirement
taxable and the IRS
determines that it
$
$
has not been
Account number (see instructions)
12 State 13 State identification no. 14 State tax withheld
reported.
$
$
1099-OID
(keep for your records)
Form
(Rev. 10-2019)
www.irs.gov/Form1099OID
Department of the Treasury - Internal Revenue Service
Instructions for Recipient
Box 1. Shows the OID on a taxable obligation for the part of the year you owned it.
Original issue discount (OID) is the excess of an obligation’s stated redemption
Report the amount in box 1 as interest income on your income tax return. However,
price at maturity over its issue price (acquisition price for a stripped bond or
depending on the type of debt instrument, the issue or acquisition date, and other
coupon). OID on a taxable obligation is taxable as interest over the life of the
factors (for example, if you paid acquisition or bond premium, or the obligation is a
obligation. If you are the holder of a taxable OID obligation, you generally must
stripped bond or coupon), you may have to figure the correct amount of OID to
include an amount of OID in your gross income each year you hold the
report on your return. See Pub. 1212 for details on how to figure the correct OID.
obligation. Obligations that may have OID include a bond, debenture, note,
See the instructions above for a covered security acquired with acquisition premium.
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
Box 2. Shows qualified stated interest on this obligation for the year, which is an
deposits, bonus savings plans, and other deposit arrangements, especially if the
amount separate from the OID. If you held the obligation the entire year, report
payment of interest is deferred until maturity. In addition, the OID rules apply to
this amount as interest income on your tax return. If you disposed of the
Treasury inflation-protected securities. See Pub. 550 for more information.
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
If, as the record holder, you receive Form 1099-OID showing amounts
box 2 is interest on a U.S. Treasury obligation and is exempt from state and
belonging to another person, you are considered a nominee recipient. Complete
local income taxes. If there is an amount in both boxes 2 and 11, the amount in
a Form 1099-OID for each of the other owners showing the amounts allocable to
box 2 is tax-exempt interest and is not included in interest income on your tax
each. File Copy A of the form with the IRS. Furnish Copy B to each owner. List
return. In general, see how to report tax-exempt interest in the Instructions for
yourself as the “payer” and the other owner as the “recipient.” File Form(s)
Forms 1040 and 1040-SR.
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
Box 3. Shows interest or principal forfeited if you withdrew the money before
nominee return to show amounts owned by the other spouse. If you bought or
the maturity date of the obligation, such as from a CD. You may deduct this
sold an obligation during the year and you are not a nominee, you are not
amount to figure your adjusted gross income on your income tax return. See the
required to issue or file Form 1099-OID showing the OID or stated interest
Instructions for Forms 1040 and 1040-SR to see where to take the deduction.
allocable to the seller/buyer of the obligation.
Box 4. Shows backup withholding. Generally, a payer must backup withhold if
The information provided may be different for covered and noncovered
you did not furnish your TIN or you did not furnish the correct TIN to the payer.
securities. For a description of covered securities, see the Instructions for Form
See Form W-9 for information on backup withholding. Include this amount on
8949. For a covered security acquired with acquisition premium, your payer
your income tax return as tax withheld.
generally must report either (1) a net amount of OID that reflects the offset of
Box 5. For a covered security acquired with OID, if you made an election under
OID by the amount of acquisition premium amortization for the year, or (2) a
section 1278(b) to include market discount in income as it accrues and you
gross amount for both the OID and the acquisition premium amortization for the
notified your payer of the election in writing in accordance with Regulations
year. For a noncovered security acquired with acquisition premium, your payer
section 1.6045-1(n)(5), shows the market discount that accrued on the debt
is only required to report the gross amount of OID.
instrument during the year while held by you. For a tax-exempt obligation that is
Recipient’s taxpayer identification number (TIN). For your protection, this
a covered security acquired on or after January 1, 2017, and issued with OID,
form may show only the last four digits of your TIN (social security number
shows the market discount that accrued on the obligation during the year while
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
held by you. For a covered security acquired on or after January 1, 2015, market
identification number (ATIN), or employer identification number (EIN)). However,
discount will be calculated on a constant yield basis unless you notified your
the issuer has reported your complete TIN to the IRS.
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
FATCA filing requirement. If the FATCA filing requirement box is checked, the
1276(b). The payer may, but is not required to, report the market discount for a
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting
tax-exempt obligation that is a covered security acquired before January 1,
requirement. You may also have a filing requirement. See the Instructions for
2017. Report the accrued market discount on your income tax return as directed
Form 8938.
in the Instructions for Forms 1040 and 1040-SR. Market discount on a tax-
Account number. May show an account or other unique number the payer
exempt security is includible in taxable income as interest income.
assigned to distinguish your account.
(Continued on the back of Copy 2)