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Form 1099-OID

Cat. No. 14421R

(Rev. January 2024)

Original Issue 

Discount

Copy A

For 

Internal Revenue 

Service Center

Department of the Treasury - Internal Revenue Service

File with Form 1096.

OMB No. 1545-0117

For Privacy Act 

and Paperwork 

Reduction Act 

Notice, see the 

current General 

Instructions for 

Certain 

Information

Returns.

For calendar year 

9696 VOID CORRECTED

PAYER’S name, street address, city or town, state or province, country, 

ZIP or foreign postal code, and telephone no. 

PAYER’S TIN RECIPIENT’S TIN

RECIPIENT’S name

Street address (including apt. no.)

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

FATCA filing 

requirement

Account number (see instructions) 2nd TIN not.

1 Original issue discount for 

the year

$

2 Other periodic interest

$

3 Early withdrawal penalty

$

4 Federal income tax withheld

$

5 Market discount

$

6 Acquisition premium

$

7 Description

8 Original issue discount on 

U.S. Treasury obligations

$

9 Investment expenses

$

10 Bond premium

$

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$

$

Form 1099-OID (Rev. 1-2024) www.irs.gov/Form1099OID

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

Form 1099-OID

(Rev. January 2024)

Original Issue 

Discount

Copy 1

For State Tax 

Department

Department of the Treasury - Internal Revenue Service

OMB No. 1545-0117

For calendar year 

VOID CORRECTED

PAYER’S name, street address, city or town, state or province, country, 

ZIP or foreign postal code, and telephone no.

PAYER’S TIN RECIPIENT’S TIN

RECIPIENT’S name

Street address (including apt. no.)

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

FATCA filing 

requirement

Account number (see instructions)

1 Original issue discount for 

the year

$

2 Other periodic interest

$

3 Early withdrawal penalty

$

4 Federal income tax withheld

$

5 Market discount

$

6 Acquisition premium

$

7 Description

8 Original issue discount on 

U.S. Treasury obligations

$

9 Investment expenses

$

10 Bond premium

$

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$

$

Form 1099-OID (Rev. 1-2024) www.irs.gov/Form1099OID
 

Form 1099-OID

(Rev. January 2024)

Original Issue 

Discount

Copy B

For Recipient

Department of the Treasury - Internal Revenue Service

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.

OMB No. 1545-0117

For calendar year 

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, 

ZIP or foreign postal code, and telephone no.

PAYER’S TIN RECIPIENT’S TIN

RECIPIENT’S name

Street address (including apt. no.)

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

FATCA filing 

requirement

Account number (see instructions)

1 Original issue discount for 

the year*

$

* This may not be the correct figure 

to report on your income tax return. 

See instructions on the back.

2 Other periodic interest

$

3 Early withdrawal penalty

$

4 Federal income tax withheld

$

5 Market discount

$

6 Acquisition premium

$

7 Description

8 Original issue discount on 

U.S. Treasury obligations*

$

9 Investment expenses

$

10 Bond premium

$

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$

$

Form 1099-OID (Rev. 1-2024) (keep for your records) www.irs.gov/Form1099OID
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)
 

Form 1099-OID

(Rev. January 2024)

Original Issue 

Discount

Copy 2

To be filed with 

recipient’s state 

income tax 

return, when 

required.

Department of the Treasury - Internal Revenue Service

OMB No. 1545-0117

For calendar year 

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, 

ZIP or foreign postal code, and telephone no.

PAYER’S TIN RECIPIENT’S TIN

RECIPIENT’S name

Street address (including apt. no.)

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

FATCA filing 

requirement

Account number (see instructions)

1 Original issue discount for 

the year

$

2 Other periodic interest

$

3 Early withdrawal penalty

$

4 Federal income tax withheld

$

5 Market discount

$

6 Acquisition premium

$

7 Description

8 Original issue discount on 

U.S. Treasury obligations

$

9 Investment expenses

$

10 Bond premium

$

11 Tax-exempt OID

$

12 State 13 State identification no. 14 State tax withheld

$

$

Form 1099-OID (Rev. 1-2024) www.irs.gov/Form1099OID
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.