Fill out Form 1099-OID (Original Issue Discount) online
Form 1099-OID reports original issue discount income, which arises when a bond or other debt instrument is issued at a price below its face (redemption) value. The discount is treated as interest income that accrues over the life of the instrument, even if no cash payments are received until maturity.
How to fill out Form 1099-OID (Original Issue Discount)
Enter payer and recipient information
Fill in the payer's (issuer or broker) name, address, phone, and TIN. Enter the recipient's name, address, TIN, and account number.
Report original issue discount
Enter the total OID for the year in Box 1. Enter other periodic interest in Box 2. Report early withdrawal penalties in Box 3.
Report federal tax withheld and other details
Enter federal income tax withheld in Box 4. Report market discount in Box 5 and acquisition premium in Box 6 if applicable.
Provide instrument description and distribute copies
Enter the CUSIP number, description of the debt instrument, and original issue date. File Copy A with the IRS, provide Copy B to the recipient, and keep Copy C for your records.
About Form 1099-OID (Original Issue Discount)
Who needs this form
Issuers of debt instruments (banks, corporations, government entities) that paid $10 or more of original issue discount during the tax year. Brokers also file this form for OID on instruments held in customer accounts.
Where to submit
File Copy A with the IRS by the applicable filing deadline for the tax year. Provide Copy B to the recipient (holder of the debt instrument) by the deadline listed in the latest official instructions.
Source and content freshness
- Reviewed: 2026-02-24
- Filing deadlines may shift for weekends and holidays. Verify due dates with official instructions.
Common mistakes to avoid
- Confusing OID with regular interest income reported on Form 1099-INT
- Not reporting OID annually even though no cash interest was received during the year
- Failing to adjust the cost basis of the instrument for OID already reported as income
- Overlooking the de minimis OID rule, which allows small amounts of discount to be treated as zero
Frequently asked questions
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Do I have to report OID even if I did not receive any cash interest?
Yes. Original issue discount is considered taxable interest income that accrues annually, regardless of whether you receive any cash payments. You must report the OID shown on Form 1099-OID on your tax return each year. The amount increases your cost basis in the instrument, which reduces the gain (or increases the loss) when you sell or redeem it.
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