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Learn More About Form 1099-OID

What is a 1099-OID?

Form 1099-OID is used to report 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).

Why do I file 1099-OID?

The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.

Who needs to file 1099-OID?

You must prepare a Form 1099-OID for each person who is a holder of record of the obligation if the OID includible in the holder's gross income is at least $10. See the official IRS instructions.

When do I file 1099-OID?

1099-OID forms are required to be mailed to the recipient by January 31, 2017 and e-filed with the IRS by March 31, 2017.

1099-OID Reporting Information

What to report Amount to report
Original issue discount. $10 or more