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Department of the Treasury
Internal Revenue Service
Instructions for Forms

1099-INT and 1099-OID

(Rev. January 2024)
Interest Income and Original Issue Discount

Section references are to the Internal Revenue Code unless 1. To whom you paid amounts reportable in boxes 1, 3, or 8
otherwise noted. of at least $10 (or at least $600 of interest paid in the course of
your trade or business described in the instructions for Box 1.
Future Developments Interest Income, later);
For the latest information about developments related to Forms 2. For whom you withheld and paid any foreign tax on
1099-INT and 1099-OID and their instructions, such as interest; or
legislation enacted after they were published, go to IRS.gov/ 3. From whom you withheld (and did not refund) any federal
Form1099INT and IRS.gov/Form1099OID. income tax under the backup withholding rules regardless of the
amount of the payment.
Reminders
In addition to these specific instructions, you should also use the Report only interest payments made in the course of your
current General Instructions for Certain Information Returns. trade or business including federal, state, and local government
Those general instructions include information about the agencies and activities deemed nonprofit, or for which you were
following topics. a nominee/middleman. Report interest that is taxable OID in
• Who must file. box 1 or 8 of Form 1099-OID, Original Issue Discount, not on
• When and where to file. Form 1099-INT. Report interest that is tax-exempt OID in box 11
• Electronic reporting. of Form 1099-OID, not on Form 1099-INT. Report
• Corrected and void returns. exempt-interest dividends from a mutual fund or other regulated
• Statements to recipients. investment company (RIC) on Form 1099-DIV.
• Taxpayer identification numbers (TINs). For a specified private activity bond with OID, report the
• Backup withholding. tax-exempt OID in box 11 on Form 1099-OID, and the
• Penalties. tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT.
• The definitions of terms applicable for chapter 4 purposes that
are referenced in these instructions. Exceptions to reporting. No Form 1099-INT must be filed for
• Other general topics. payments made to exempt recipients or for interest excluded
from reporting.
You can get the General Instructions for Certain Information Exempt recipients. You are not required to file Form
Returns at IRS.gov/1099GeneralInstructions, or go to IRS.gov/ 1099-INT for payments made to certain payees including, but not
Form1099INT or IRS.gov/Form1099OID. limited to, a corporation, a tax-exempt organization, any
Online fillable Copies 1, B, and 2. To ease statement individual retirement arrangement (IRA), Archer medical savings
furnishing requirements, Copies 1, B, and 2 are fillable online in account (MSA), Medicare Advantage MSA, health savings
a PDF format available at IRS.gov/Form1099INT and IRS.gov/ account (HSA), a U.S. agency, a state, the District of Columbia, a
Form1099OID. You can complete these copies online for U.S. territory, a registered securities or commodities dealer, a
furnishing statements to recipients and for retaining in your own nominee or custodian, a broker, or notional principal contract
files. (swap) dealer. For additional exempt recipients, see Regulations
section 1.6049-4 for more information. For situations when you
Continuous-use forms and instructions. Form 1099-INT, are required to file Form 1099-INT for certain recipients that are
Form 1099-OID, and these instructions, contained herein, are otherwise generally exempt, but that receive credits from tax
continuous use. Both the forms and instructions will be updated credit bonds, see Interest to holders of tax credit bonds under
as needed. For the most recent version, go to IRS.gov/ Box 1. Interest Income, later.
Form1099INT or IRS.gov/Form1099OID. Interest excluded from reporting. You are not required to
Nonresident aliens. If you pay U.S. bank deposit interest of at file Form 1099-INT for interest on an obligation issued by an
least $10 to certain nonresident alien individuals, report the individual, interest on amounts from sources outside the United
interest on Form 1042-S, Foreign Person's U.S. Source Income States paid outside the United States by a non-U.S. payer or
Subject to Withholding. To determine whether an information non-U.S. middleman, certain portfolio interest, interest on an
return is required for original issue discount, see Regulations obligation issued by an international organization and paid by
sections 1.6049-4(d)(2), 1.6049-5(f) and 1.6049-8(a). This that organization, and payments made to a foreign beneficial
interest may be subject to backup withholding. See the owner or foreign payee. See Regulations section 1.6049-5 for
Instructions for Form 1042-S. Also, see Rev. Proc. 2012-24, more information.
2012-20 I.R.B. 913, available at IRS.gov/irb/ Other exception. Do not report tax-deferred interest, such as
2012-20_IRB#RP-2012-24. interest that is earned but not distributed from an IRA.
When is a payment made? Generally, interest is paid when it
Specific Instructions for Form is credited or set apart for a person without any substantial
limitation or restriction as to the time, manner, or condition of
1099-INT payment. The interest must be made available so that it may be
Note. For the most recent version, go to IRS.gov/Form1099INT. drawn on at any time and its receipt brought within the control
File Form 1099-INT, Interest Income, for each person: and disposition of the person.

Nov 2, 2023 Cat. No. 27980N

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For payments made on obligations subject to transactional recipient’s TIN (social security number (SSN), individual
reporting (for example, U.S. Savings Bonds, interest coupons, taxpayer identification number (ITIN), adoption taxpayer
and other demand obligations), interest is paid at the time the identification number (ATIN), or employer identification number
obligation is presented for payment. For example, interest on a (EIN)) on payee statements. Truncation is not allowed on any
coupon detached from a bond is paid when it is presented for documents the filer files with the IRS. A payer's TIN may not be
payment. truncated on any form. See part J in the current General
For rules regarding when interest earned by a trust interest Instructions for Certain Information Returns.
holder (TIH) in a widely held fixed investment trust (WHFIT) is Account number. The account number is required if you have
reportable, see Regulations section 1.671-5. multiple accounts for a recipient for whom you are filing more
A credit allowed from tax credit bonds reportable on Form than one Form 1099-INT. The account number is also required if
1099-INT is treated as paid on the credit allowance date. For you check the “FATCA filing requirement” box. See FATCA filing
information on credit allowance dates, see Interest to holders of requirement checkbox, later. Additionally, the IRS encourages
tax credit bonds under Box 1. Interest Income, later. you to designate an account number for all Forms 1099-INT that
you file. See part L in the current General Instructions for Certain
Reporting interest and OID. If you are reporting qualified Information Returns.
stated interest and OID on any obligation that is not a specified
private activity bond, you may report both the qualified stated FATCA filing requirement checkbox. Check the box if you are
interest and the OID on Form 1099-OID. It is not necessary to file a U.S. payer that is reporting on Form(s) 1099 (including
both Forms 1099-INT and 1099-OID. On Form 1099-OID, report reporting payments in boxes 1, 3, 8, 9, and 10 on this Form
the qualified stated interest in box 2 and the OID in box 1, 8, or 1099-INT) as part of satisfying your requirement to report with
11, as applicable. However, you may choose to report the respect to a U.S. account for chapter 4 purposes, as described
qualified stated interest on Form 1099-INT and the OID on Form in Regulations section 1.1471-4(d)(2)(iii)(A). In addition, check
1099-OID. For a specified private activity bond with OID, report the box if you are a foreign financial institution (FFI) reporting
the tax-exempt OID in box 11 on Form 1099-OID and the payments to a U.S. account pursuant to an election described in
tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT. Regulations section 1.1471-4(d)(5)(i)(A).
Reporting interest and bond premium. For a covered 2nd TIN not. You may enter an “X” in this box if you were
security acquired with bond premium, you must report the notified by the IRS twice within 3 calendar years that the payee
amount of bond premium amortization for the tax year. See provided an incorrect TIN. If you mark this box, the IRS will not
Regulations section 1.6045-1(a)(15) to determine if a debt send you any further notices about this account.
instrument is a covered security. However, in the case of a However, if you received both IRS notices in the same year, or
taxable bond, if you have been notified by the taxpayer that the if you received them in different years but they both related to
taxpayer does not elect to amortize bond premium, you must not information returns filed for the same year, do not check the box
report any amount of bond premium amortization. See at this time. For purposes of the two-notices-in-3-years rule, you
Regulations section 1.6045-1(n)(5). are considered to have received one notice and you are not
For a covered security acquired with OID and bond premium, required to send a second “B” notice to the taxpayer on receipt of
if you choose to report qualified stated interest in box 2 of Form the second notice. See part N in the current General Instructions
1099-OID, you must report any bond premium amortization on for Certain Information Returns for more information.
that security in box 10 of Form 1099-OID. You may not report the For information on the TIN Matching System offered by
qualified stated interest on Form 1099-OID and the bond TIP the IRS, see Items You Should Note in the current
premium amortization allocable to the interest on Form General Instructions for Certain Information Returns.
1099-INT.
If you are required to report the amount of bond premium Payer's RTN (optional). If you are a financial institution that
amortization allocable to an interest payment, you may report wishes to participate in the program for direct deposit of refunds,
either (1) a net amount of interest that reflects the offset of the you may enter your routing transit number (RTN).
interest payment by the amount of bond premium amortization
allocable to the interest payment, or (2) a gross amount for both Box 1. Interest Income
the interest payment and the bond premium amortization Enter taxable interest not included in box 3. Include amounts of
allocable to the interest payment. For example, if a taxpayer $10 or more, whether or not designated as interest, that are paid
receives $20 of taxable interest from a corporate bond and the or credited to the person's account by savings and loan
amount of bond premium amortization allocable to the interest is associations, mutual savings banks not having capital stock
$2, you may report $18 of interest income in box 1 of Form represented by shares, building and loan associations,
1099-INT and $0 in box 11, or you may report $20 of interest cooperative banks, homestead associations, credit unions, or
income in box 1 and $2 in box 11. For a noncovered security similar organizations. Include interest on bank deposits,
acquired with bond premium, you are only required to report the accumulated dividends paid by a life insurance company,
gross amount of interest. indebtedness (including bonds, debentures, notes, and
Statements to recipients. If you are required to file Form certificates other than those of the U.S. Treasury) issued in
1099-INT, you must furnish a statement to the recipient. For registered form or of a type offered to the public, or amounts
more information about the requirement to furnish an official form from which you withheld federal income tax or foreign tax. In
or acceptable substitute statement to recipients, see part M in addition, report interest of $10 or more attributable to a TIH of a
the current General Instructions for Certain Information Returns. WHFIT, or accrued by a real estate mortgage investment conduit
If you have furnished Forms 1099-INT to a recipient for amounts (REMIC) or financial asset securitization investment trust
received during the year at the time of the transactions, such as (FASIT) regular interest holder, or paid to a collateralized debt
you might have done for window transactions, do not include obligation (CDO) holder, as explained later.
these same amounts in a Form 1099-INT furnished to the same Also, include interest of $600 or more paid in the course of
recipient for other payments during the year. your trade or business not meeting the above criteria, such as
Truncating recipient’s TIN. Pursuant to Regulations section interest on delayed death benefits paid by a life insurance
301.6109-4, all filers of Form 1099-INT may truncate a company, interest received with damages, interest on a state or

2 Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2024)

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federal income tax refund, or interest attributable to certain Box 4. Federal Income Tax Withheld
notional principal contracts with nonperiodic payments. Enter backup withholding. For example, if a recipient does not
Include in box 1 any accrued qualified stated interest on furnish its TIN to you in the manner required, you must backup
bonds sold between interest dates (or on a payment date). Also withhold on payments required to be reported in box 1 (which
show OID on short-term obligations of 1 year or less and interest may be reduced by the amount reported in box 2), box 3, and
on all bearer certificates of deposit. For a taxable covered box 8 on this form.
security acquired at a premium, see Box 11. Bond Premium, For more information on backup withholding, including the
later. applicable rate, see part N in the current General Instructions for
Certain Information Returns.
Do not include in box 1 interest on tax-free covenant bonds or
dividends from money market funds (which are reportable on For information on requesting the recipient's TIN, see part J in
Form 1099-DIV). Do not include any description in box 1. the current General Instructions for Certain Information Returns.

Interest to holders of tax credit bonds. Report tax credits in Box 5. Investment Expenses
amounts of $10 or more allowed from the following tax credit
bonds. For single-class REMICs only, see Box 5. Investment Expenses
• Clean renewable energy bonds. under Rules for REMICs, FASITs, and Issuers of CDOs, later.
• New clean renewable energy bonds. Note. This amount is not deductible.
• Qualified energy conservation bonds.
• Qualified zone academy bonds. Box 6. Foreign Tax Paid
• Qualified school construction bonds.
• Build America bonds (Tax Credit). Enter any foreign tax paid on interest. Report this amount in U.S.
dollars.
Treat these amounts as paid on the credit allowance date.
The credit allowance dates are March 15, June 15, September Box 7. Foreign Country or U.S. Territory
15, December 15, and the last day on which the bond is
outstanding. For bonds issued during the 3-month period ending Enter the name of the foreign country or U.S. territory for which
on a credit allowance date and for bonds which are redeemed or the foreign tax was paid and reported in box 6.
mature, the amount of the credit is determined ratably based on
the portion of the 3-month period during which the bond is Box 8. Tax-Exempt Interest
outstanding. Enter tax-exempt interest that is not OID of $10 or more that is
Generally, interest paid is not required to be reported to the credited or paid to the person's account if that interest is paid on
list of recipients below. However, if they are holders of, or obligations issued by a state, the District of Columbia, a U.S.
recipients of credit from, the tax credit bonds listed above, the territory, an Indian tribal government, or their political
tax credit must be reported. subdivisions, or qualified volunteer fire departments to finance
• A corporation. eligible expenditures. A political subdivision may include port
• A dealer in securities or commodities required to register as authorities, toll road commissions, utility services authorities,
such under the laws of the United States, a state, the District of community redevelopment agencies, and similar governmental
Columbia, or a territory of the United States. entities that meet the requirements of Regulations section
• A real estate investment trust (REIT) as defined in section 1.103-1(b). Include in box 8 any accrued qualified stated interest
856. on these bonds sold between interest dates (or on a payment
• An entity registered at all times during the tax year under the date). For a tax-exempt covered security acquired at a premium,
Investment Company Act of 1940. see Box 13. Bond Premium on Tax-Exempt Bond, later.
• A common trust fund as defined in section 584(a). Any exempt-interest dividends from a mutual fund or other
• Any trust which is exempt from tax under section 664(c). RIC are reported on Form 1099-DIV.
Box 2. Early Withdrawal Penalty Include specified private activity bond interest in box 9 and in
the total for box 8. See the instructions for box 9 next.
Enter interest or principal forfeited because of an early
withdrawal of time deposits, such as an early withdrawal from a
Box 9. Specified Private Activity Bond Interest
certificate of deposit (CD), that is deductible from gross income
by the recipient. Do not reduce the amount reported in box 1 by Enter interest of $10 or more from specified private activity
the amount of the forfeiture. For detailed instructions for bonds. Generally, “specified private activity bond” means any
determining the amount of forfeiture deductible by the depositor, private activity bond defined in section 141 and issued after
see Rev. Ruls. 75-20, 1975-1 C.B. 29, and 75-21, 1975-1 C.B. August 7, 1986. See section 57(a)(5) for more details. Also, see
367. the Instructions for Form 6251, Alternative Minimum
Tax—Individuals, available at IRS.gov/Form6251.
Box 3. Interest on U.S. Savings Bonds and
Box 10. Market Discount
Treasury Obligations
For a covered security acquired with market discount, if the
Enter interest on U.S. Savings Bonds, Treasury bills, Treasury recipient notified you that a section 1278(b) election was made,
notes, and Treasury bonds. Do not include in box 1. For a enter the amount of market discount that accrued on the debt
taxable covered security acquired at a premium, see Box 12. instrument during the tax year in the amount of $10 or more. For
Bond Premium on U.S. Treasury Obligations, later. more details, see Regulations section 1.6045-1(n). Unless the
If you make payment on a U.S. Savings Bond or other U.S. taxpayer notified you that the taxpayer did not make a section
obligation on which interest is reportable, enter your name, 1276(b) election, use the constant yield method described in
address, and TIN on Form 1099-INT and Form 1096, Annual section 1276(b)(2) to determine the accruals of market discount
Summary and Transmittal of U.S. Information Returns, not those for the debt instrument. See Regulations section 1.6045-1(n)(11)
of the U.S. Treasury Department or the Bureau of the Fiscal (i)(B). For a covered security with OID, report the accruals of
Service. market discount on Form 1099-OID rather than on Form
1099-INT.
Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2024) 3

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Box 11. Bond Premium Requirement to furnish a tax information statement to the
For a taxable covered security acquired at a premium (other than TIH. A tax information statement that includes the information
a U.S. Treasury obligation), enter the amount of bond premium provided to the IRS on Form 1099-INT, as well as additional
amortization allocable to the interest paid during the tax year, information identified in Regulations section 1.671-5(e), must be
unless you were notified in writing that the holder did not want to provided to TIHs. The written tax information statement must be
amortize bond premium under section 171. See Regulations furnished to the TIH by March 15. The amount of an item of a
sections 1.6045-1(n)(5) and 1.6049-9(b). If you are required to trust expense that is attributable to a TIH must be included on
report bond premium amortization and you reported a net the tax information statement provided to the TIH and is not
amount of interest in box 1, leave this box blank. required to be included in box 5 of Form 1099-INT.
WHFIT interest income information may be included in
Box 12. Bond Premium on Treasury Obligations summary totals reported to the IRS and the TIH. Information
For a U.S. Treasury obligation that is a covered security, enter about WHFIT interest income may also be included in a
the amount of bond premium amortization allocable to the composite statement furnished to the TIH.
interest paid during the tax year, unless you were notified in For more filing requirements, see the current General
writing that the holder did not want to amortize bond premium Instructions for Certain Information Returns.
under section 171. See Regulations sections 1.6045-1(n)(5) and
1.6049-9(b). If you are required to report bond premium Rules for REMICs, FASITs, and Issuers of CDOs
amortization and you reported a net amount of interest in box 3,
leave this box blank. In the case of a FASIT, these reporting rules apply only
to FASITs in existence on October 22, 2004, to the
Box 13. Bond Premium on Tax-Exempt Bond CAUTION! extent that regular interests issued by the FASIT before
that date continue to remain outstanding in accordance with the
For a tax-exempt covered security acquired at a premium, enter original terms of issue.
the amount of bond premium amortization allocable to the
interest paid during the tax year. If you reported a net amount of REMICs, holders of ownership interests in FASITs, issuers of
interest in box 8 or 9, whichever is applicable, leave this box CDOs, and any broker or middleman who holds as a nominee a
blank. REMIC or FASIT regular interest or CDO must file Form
1099-INT. The form is used to report interest of $10 or more,
Box 14. Tax-Exempt and Tax Credit Bond CUSIP other than OID, accrued to a REMIC or FASIT regular interest
No. holder during the year or paid to a holder of a CDO. If you are
also reporting OID, this interest and the OID can be reported on
For single bonds or accounts containing a single bond, enter the Form 1099-OID. You do not have to file both Forms 1099-INT
CUSIP number of the tax-exempt bond for which tax-exempt and 1099-OID.
interest is reported in box 8 or tax credit bond (including build
America bond and specified tax credit bond) for which a tax You are not required to file or issue Form 1099-INT for exempt
credit or taxable interest, as applicable, is reported in box 1. recipients including, but not limited to, the following.
Enter the CUSIP number of the bond for which interest was paid • A corporation.
or tax credit was allowed. If the tax-exempt interest or the tax • A broker.
credit is reported in the aggregate for multiple bonds or • A middleman/nominee.
accounts, enter “various.” • A financial institution.
• Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.
Boxes 15–17. State Information • A tax-exempt organization.
These boxes may be used by payers who participate in the For additional exempt recipients, see Regulations section
Combined Federal/State Filing Program and/or who are required 1.6049-7(c).
to file paper copies of this form with a state tax department. See
Pub. 1220 for more information regarding the Combined Federal/
State Filing Program. They are provided for your convenience Box 1. Interest Income
only and need not be completed for the IRS. Use the state
information boxes to report payments for up to two states. Keep Report in box 1 the amount of interest, other than OID, accrued
the information for each state separated by the dash line. If you to each REMIC or FASIT regular interest holder or paid to a CDO
withheld state income tax on this payment, you may enter it in holder for the period during the year for which the return is made.
box 17. In box 15, enter the abbreviated name of the state, and If you are a single-class REMIC (as defined in Temporary
in box 16, enter the payer's state identification number. The state Regulations section 1.67-3T(a)(2)(ii)(B)), increase the amount
number is the payer's identification number assigned by the otherwise reportable in box 1 by the regular interest holder's
individual state. share of investment expenses of the REMIC for the year. No
amount should be reported in box 3.
If a state tax department requires that you send them a paper
copy of this form, use Copy 1 to provide information to the state Box 5. Investment Expenses
tax department. Give Copy 2 to the recipient for use in filing the
recipient's state income tax return. Enter the regular interest holder's pro rata share of investment
expenses.
Rules for WHFITs
Trustees and middlemen must report the gross amount of
interest attributable to the TIH for the calendar year on Form Statements to Holders
1099-INT if that amount exceeds $10. If the trustee provides
For each Form 1099-INT you are required to file, you must
WHFIT information using the safe harbor rules in Regulations
furnish a statement to the REMIC or FASIT regular interest
section 1.671-5(f)(1) or (g)(1), the trustee or middleman must
holder or CDO holder identified on the form. The statement must
determine the amounts reported on Form 1099-INT under
contain the information shown on Form 1099-INT, including the
Regulations section 1.671-5(f)(2) or (g)(2), as appropriate.
legend shown on Copy B of the official Form 1099-INT, and an
indication that these items are being furnished to the IRS. The

4 Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2024)

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statement must also show the information specified in investment trust (FASIT), or an issuer of a collateralized debt
Regulations section 1.6049-7(f)(2)(i). In addition, the statement obligation (CDO).
furnished by a REMIC must show, for each calendar quarter, the
information specified in Regulations section 1.6049-7(f)(3). Also, Also, file Form 1099-OID for any person for whom you
see Regulations section 1.6049-7(f)(3)(ii) for information that withheld and paid any foreign tax on OID or from whom you
may be required to be reported to a REIT that holds a REMIC withheld (and did not refund) any federal income tax under the
regular interest. backup withholding rules even if the amount of the OID is less
than $10.
A single-class REMIC (as defined in Temporary Regulations Original issue discount. OID is the excess of an obligation's
section 1.67-3T(a)(2)(ii)(B)) must include in the statement the stated redemption price at maturity over its issue price
investment expenses paid or accrued during each calendar (acquisition price for a stripped bond or coupon). In the case of a
quarter by the REMIC for which the REMIC is allowed a taxable obligation, a discount of less than / of 1% of the stated 1 4
deduction under section 212 and the proportionate share of redemption price at maturity, multiplied by the number of full
those investment expenses allocated to the regular interest years from the date of issue to maturity, is considered to be zero.
holder. Reporting OID. You must prepare a Form 1099-OID for each
person who is a holder of record of the obligation if the total daily
The statement must be furnished to holders by March 15. To portions of OID for that person is at least $10. See the
meet the statement requirement, you may furnish a copy of Form instructions for Box 1, later, for taxable OID; Box 8, later, for
1099-INT and a separate statement containing the additional taxable OID on U.S. Treasury obligations; and Box 11, later, for
information to the REMIC or FASIT regular interest holder or tax-exempt OID.
CDO holder.
Ordinarily, you will file only one Form 1099-OID for the
depositor or holder of a particular obligation for the calendar
For information about reporting income to REMIC residual year. If a person holds more than one discount obligation, issue
interest holders, see the instructions for Schedule Q (Form a separate Form 1099-OID for each obligation. However, if a
1066), Quarterly Notice to Residual Interest Holder of REMIC person holds more than one certificate, you can file a single
Taxable Income or Net Loss Allocation, in the Instructions for Form 1099-OID only if (1) they are the same issue, (2) held the
Form 1066, available at IRS.gov/Form1066. same amount of time during the calendar year, (3) acquired at
the same time, (4) acquired for the same price, and (5) all debt
Form 8811 and Reporting by Brokers or elections (or lack of elections) are the same for all certificates.
Middlemen For information about how to compute OID, see sections
1271–1275 and their regulations and section 1288.
REMICs and issuers of CDOs must also file Form 8811, If you are a broker or middleman who holds a bank CD as
Information Return for Real Estate Mortgage Investment nominee, whether or not you sold the CD to the owner, you must
Conduits (REMICs) and Issuers of Collateralized Debt determine the amount of OID includible in the income of the
Obligations, within 30 days after the start-up date of the REMIC owner, if any, and report it on Form 1099-OID.
or issue date of a CDO. The IRS will use the information on Pub. 1212, Guide to Original Issue Discount (OID)
Forms 8811 to update Pub. 938, Real Estate Mortgage Instruments, contains information on certain outstanding publicly
Investment Conduits (REMICs) Reporting Information, for use by offered discount obligations. It is available at IRS.gov/Pub1212.
certain brokers, middlemen, corporations, and others specified
in Regulations section 1.6049-7(e)(4). Pub. 938 is available at Issuers of certain publicly offered debt instruments having
IRS.gov/Pub938. OID must file Form 8281, Information Return for Publicly Offered
Original Issue Discount Instruments, generally within 30 days
after the date of issuance, or, if later, the date of registration with
For the requirements that a REMIC or CDO issuer or a broker the Securities and Exchange Commission. The information
or middleman who holds as a nominee a REMIC or FASIT provided on that form will enable the IRS to update Pub. 1212.
regular interest or a CDO furnish certain information on request, See Form 8281, available at IRS.gov/Form8281, and
see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7). Regulations section 1.1275-3(c) for details.
Exceptions. You are not required to file Form 1099-OID for
Specific Instructions for Form payments made to certain payees including a corporation, a
1099-OID tax-exempt organization, any individual retirement arrangement
Note. For the most recent version, go to IRS.gov/Form1099OID. (IRA), an Archer medical savings account (MSA), Medicare
Advantage MSA, health savings account (HSA), a U.S. agency, a
File Form 1099-OID, Original Issue Discount, if the total daily state, the District of Columbia, a U.S. territory, or a registered
portions of original issue discount (OID) for a holder is at least securities or commodities dealer.
$10 and you are any of the following.
• An issuer with any bond outstanding or other evidence of Report interest on U.S. Savings Bonds on Form
indebtedness in registered or bearer form issued with OID. ! 1099-INT. Also, report OID on obligations with a term of
• An issuer of a certificate of deposit (CD) made, purchased, or CAUTION 1 year or less on Form 1099-INT.
renewed after 1970 if the CD has OID and a term of more than 1
year (see Caution, later). Reporting interest and OID. If you are reporting qualified
• A financial institution having other deposit arrangements, such stated interest and OID on an obligation, you may report both the
as time deposits or bonus-savings plans, if the arrangements interest and the OID on Form 1099-OID. It is not necessary to file
have OID and a term of more than 1 year. both Forms 1099-INT and 1099-OID. On Form 1099-OID, report
• A broker or other middleman holding an OID obligation, the qualified stated interest in box 2 and the OID in box 1, 8, or
including CDs, as nominee for the actual owner. 11, as applicable. You may choose to report the interest on Form
• A trustee or middleman of a widely held fixed investment trust 1099-INT and the OID on Form 1099-OID.
(WHFIT) or widely held mortgage trust (WHMT). Reporting OID and acquisition premium. For a covered
• A real estate mortgage investment conduit (REMIC), a holder security acquired with acquisition premium, you must report the
of an ownership interest in a financial asset securitization
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amount of acquisition premium amortization for the tax year. See the second notice. See part N in the current General Instructions
Regulations section 1.6045-1(a)(15) to determine if a debt for Certain Information Returns for more information.
instrument is a covered security. In general, you must use the
For information on the TIN Matching System offered by
rules in Regulations section 1.1272-2(b)(4) to amortize the
TIP the IRS, see Items You Should Note in the current
acquisition premium. See Regulations section 1.6049-9(c). You
General Instructions for Certain Information Returns.
may, but are not required to, report the acquisition premium
amortization for a tax-exempt obligation that is a covered
security acquired before January 1, 2017. Box 1. Original Issue Discount
If you are required to report the amount of acquisition Report the taxable OID on the obligation for the part of the year it
premium amortized for the tax year, you may report either (1) a was owned by the record holder. Do not include the amount
net amount of OID that reflects the offset of OID by the amount of reported in box 8. For a discussion of WHFITs, WHMTs,
acquisition premium amortization for the year, or (2) a gross REMICs, FASITs, and CDOs, see the instructions, later.
amount for both the OID and the acquisition premium
amortization for the year. For example, if $20 of OID accrues on Box 2. Other Periodic Interest
a corporate bond during the year and there is acquisition Enter any qualified stated interest paid or credited on this
premium amortization of $2 for the year, you may report $18 of obligation during the year. However, you may report any qualified
OID in box 1 and $0 in box 6, or you may report $20 of OID in stated interest on this obligation on Form 1099-INT rather than
box 1 and $2 in box 6. For a noncovered security acquired with on Form 1099-OID. For example, you may report any qualified
acquisition premium, you are only required to report the gross stated interest on Treasury Inflation Protected Securities in box 3
amount of OID. of Form 1099-INT rather than in box 2 of Form 1099-OID. For a
Reporting interest and bond premium. For a debt instrument discussion of REMICs, FASITs, and CDOs, see the instructions,
with OID that is a covered security, if you choose to report later.
qualified stated interest in box 2 of Form 1099-OID, report any
bond premium amortization allocable to the interest in box 10 of Box 3. Early Withdrawal Penalty
Form 1099-OID and not in boxes 11–13 of Form 1099-INT. Enter interest or principal forfeited because of an early
withdrawal of time deposits, such as an early withdrawal from a
Statements to recipients. If you are required to file Form CD, that is deductible from gross income by the recipient. Do not
1099-OID, you must furnish a statement to the recipient. For reduce the amounts in boxes 1 and 2 by the amount of the
more information about the requirement to furnish an official form forfeiture. For detailed instructions for determining the amount of
or acceptable substitute statement to recipients, see part M in forfeiture deductible by the holder, see Rev. Ruls. 75-20, 1975-1
the current General Instructions for Certain Information Returns. C.B. 29, and 75-21, 1975-1 C.B. 367.
Truncating recipient’s TIN on payee statements. Pursuant
to Regulations section 301.6109-4, all filers of Form 1099-OID Box 4. Federal Income Tax Withheld
may truncate a recipient’s TIN (social security number (SSN), Enter backup withholding. For example, if a recipient does not
individual taxpayer identification number (ITIN), adoption furnish its TIN to you in the manner required, you must backup
taxpayer identification number (ATIN), or employer identification withhold. The applicable interest rate applies to amounts
number (EIN)) on payee statements. Truncation is not allowed on required to be reported in boxes 1, 2, and 8, but is limited to the
any documents the filer files with the IRS. A payer's TIN may not cash paid on these obligations. Before applying the applicable
be truncated on any form. See part J in the current General interest rate, you may reduce the amounts reported in boxes 1
Instructions for Certain Information Returns. and 2 by the amount reported in box 3.
FATCA filing requirement checkbox. Check the box if you are
a U.S. payer that is reporting on Form(s) 1099 (including For more information on backup withholding, including the
reporting amounts in boxes 1, 2, and 8 on this Form 1099-OID) applicable rate, see part N in the current General Instructions for
as part of satisfying your requirement to report with respect to a Certain Information Returns.
U.S. account for chapter 4 purposes, as described in For information on requesting the recipient's TIN, see part J in
Regulations section 1.1471-4(d)(2)(iii)(A). In addition, check the the current General Instructions for Certain Information Returns.
box if you are a Foreign Financial Institution (FFI) reporting
payments to a U.S. account pursuant to an election described in Box 5. Market Discount
Regulations section 1.1471-4(d)(5)(i)(A).
For a covered security acquired with market discount and OID, if
Account number. The account number is required if you have the recipient notified you that a section 1278(b) election was
multiple accounts for a recipient for whom you are filing more made, enter the amount of market discount that accrued on the
than one Form 1099-OID. The account number is also required if debt instrument during the tax year in the amount of $10 or more.
you check the “FATCA filing requirement” box. See FATCA filing For more details, see Regulations section 1.6045-1(n). Unless
requirement checkbox, earlier. Additionally, the IRS encourages the recipient notified you that the recipient did not make a
you to designate an account number for all Forms 1099-OID that section 1276(b) election, use the constant yield method
you file. See part L in the current General Instructions for Certain described in section 1276(b)(2) to determine the accruals of
Information Returns. market discount for the debt instrument. See Regulations section
2nd TIN not. You may enter an “X” in this box if you were 1.6045-1(n)(11)(i)(B). You may, but are not required to, report the
notified by the IRS twice within 3 calendar years that the payee market discount for a tax-exempt obligation that is a covered
provided an incorrect TIN. If you mark this box, the IRS will not security acquired before January 1, 2017.
send you any further notices about this account.
Box 6. Acquisition Premium
However, if you received both IRS notices in the same year, or
if you received them in different years but they both related to For a covered security acquired with acquisition premium, enter
information returns filed for the same year, do not check the box the amount of premium amortization for the part of the year the
at this time. For purposes of the two-notices-in-3-years rule, you debt instrument was owned by the holder. See Regulations
are considered to have received one notice and you are not sections 1.6045-1(n)(5) and 1.6049-9(c). If you reported a net
required to send a second “B” notice to the recipient on receipt of amount of OID in box 1, 8, or 11, as applicable, leave this box
blank. You may, but are not required to, report the acquisition

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premium for a tax-exempt obligation that is a covered security Rules for WHFITs and WHMTs
acquired before January 1, 2017. If the OID attributable to a trust interest holder (TIH) exceeds $10
for the calendar year, trustees and middlemen must use Form
Box 7. Description 1099-OID to report both the gross amount of OID (box 1) and
Enter the CUSIP number, if any. If there is no CUSIP number, interest (box 2) of the WHFIT that is attributable to the TIH. If the
enter the abbreviation for the stock exchange, the abbreviation trustee provides WHFIT information using the safe harbor rules
for the issuer used by the stock exchange, the coupon rate, and in Regulations section 1.671-5(f)(1) or (g)(1), the trustee or
the year of maturity (for example, NYSE XYZ 12 / 25). If the 1 2 middleman must determine the amounts reported on Form
issuer of the obligation is other than the payer, show the name of 1099-OID under Regulations section 1.671-5(f)(2) or (g)(2), as
the issuer. appropriate.
Box 8. Original Issue Discount on U.S. Treasury Reporting OID for a WHMT. If a WHMT has a start-up date
before August 13, 1998, trustees and middlemen of the WHMT
Obligations are not required to report OID information. If the WHMT has a
Enter the amount of OID on a U.S. Treasury obligation for the start-up date on or after August 13, 1998, and on or before
part of the year it was owned by the record holder. Do not include January 24, 2006, and the trustee has attempted in good faith,
this amount in box 1. You may enter any qualified stated interest but without success, to obtain the historical information required
on the Treasury obligation in box 2. The amount in box 8 may be to provide OID information, no penalties will be imposed if the
a negative number (for example, if a Treasury Inflation Protected trustee and middlemen of the WHMT do not provide OID
Security has a deflation adjustment for the year). information. The trustee must provide a statement to middlemen
indicating that the trustee is not providing OID information
If you make payment on a U.S. Treasury obligation on which because the trustee has attempted, in good faith, to obtain the
OID is reportable, enter your name, address, and TIN on Forms information necessary to calculate OID but has been
1099-OID and 1096, not those of the U.S. Treasury Department unsuccessful. See Regulations section 1.671-5(m)(2).
or the Bureau of the Fiscal Service.
Requirement to furnish a tax information statement to the
Box 9. Investment Expenses TIH. A tax information statement that includes the information
For single-class REMICs only, see Box 9. Investment Expenses provided to the IRS on Form 1099-OID, as well as additional
under Rules for REMICs, FASITs, and Issuers of CDOs, later. information identified in Regulations section 1.671-5(e), must be
provided to TIHs. The written tax information statement must be
Note. This amount is not deductible. furnished to the TIH by March 15. The amount of an item of a
trust expense that is attributable to a TIH must be included on
Box 10. Bond Premium the tax information statement provided to the TIH and is not
For a taxable covered security acquired at a premium, enter the required to be included in box 9 of Form 1099-OID.
amount of bond premium amortization allocable to the interest For more filing requirements, see the current General
paid during the tax year, unless you were notified in writing that Instructions for Certain Information Returns.
the holder did not want to amortize bond premium under section
171. See Regulations sections 1.6045-1(n)(5) and 1.6049-9(b). Rules for REMICs, FASITs, and Issuers of CDOs
For a tax-exempt covered security acquired at a premium, enter In the case of FASIT, these reporting rules apply only to
the amount of bond premium amortization allocable to the ! FASITs in existence on October 22, 2004, to the extent
interest paid during the tax year. If you are required to report CAUTION that regular interests issued by the FASIT before that
bond premium amortization and you reported a net amount of date continue to remain outstanding in accordance with the
interest in box 2, leave this box blank. original terms of issue.
Box 11. Tax-Exempt OID REMICs, holders of ownership interests in FASITs, issuers of
For a tax-exempt obligation that is a covered security acquired CDOs, and any broker or middleman who holds as a nominee a
on or after January 1, 2017, enter the OID for the part of the year REMIC or FASIT regular interest or CDO must file Form
it was owned by the record holder. You may, but are not required 1099-OID. The form is used to report OID of $10 or more
to, report the OID for a tax-exempt obligation that is a covered accrued to a REMIC or FASIT regular interest holder or to a
security acquired before January 1, 2017. holder of a CDO. Also, use Form 1099-OID to report other
interest accrued to a REMIC or FASIT regular interest holder
Boxes 12–14. State Information during the year or paid to a holder of a CDO. You may use Form
1099-INT rather than Form 1099-OID to report interest for an
These boxes may be used by payers who participate in the instrument issued with OID if no OID is includible in the regular
Combined Federal/State Filing Program and/or who are required interest holder's or CDO holder's income for the year.
to file paper copies of this form with a state tax department. See
Pub. 1220 for more information regarding the Combined Federal/ You are not required to file or issue Form 1099-OID for
State Filing Program. They are provided for your convenience exempt recipients including, but not limited to, the following.
only and need not be completed for the IRS. Use the state • A corporation.
information boxes to report payments for up to two states. Keep • A broker.
the information for each state separated by the dash line. If you • A middleman/nominee.
withheld state income tax on this payment, enter it in box 14. In • A financial institution.
box 12, enter the abbreviated name of the state, and in box 13, • Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.
enter the payer's state identification number. The state number is • A tax-exempt organization.
the payer's identification number assigned by the individual
state. For additional exempt recipients, see Regulations section
1.6049-7(c).
If a state tax department requires that you send them a paper
copy of this form, use Copy 1 to provide information to the state
tax department. Give Copy 2 to the recipient for use in filing the
recipient's state income tax return.
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Box 1. Original Issue Discount investment expenses paid or accrued during each calendar
quarter by the REMIC for which the REMIC is allowed a
Report in box 1 the aggregate amount of OID includible in the deduction under section 212 and the proportionate share of
gross income of each REMIC or FASIT regular interest holder or those investment expenses allocated to the regular interest
CDO holder for the period during the year for which the return is holder.
made. No amount should be reported in box 8.
The statement must be furnished to holders by March 15. To
meet the statement requirement, you may furnish a copy of Form
Box 2. Other Periodic Interest 1099-OID and a separate statement containing the additional
information to the REMIC or FASIT regular interest holder or
Report in box 2 any amount of interest, other than OID, accrued CDO holder.
to each REMIC or FASIT regular interest holder or paid to each
CDO holder. If you are a single-class REMIC (as defined in For information about reporting income to REMIC residual
Temporary Regulations section 1.67-3T(a)(2)(ii)(B)), increase interest holders, see the instructions for Schedule Q (Form
the amount otherwise reportable in box 2 by the regular interest 1066), Quarterly Notice to Residual Interest Holder of REMIC
holder's share of investment expenses of the REMIC for the year. Taxable Income or Net Loss Allocation, in the Instructions for
Form 1066, available at IRS.gov/Form1066.
Box 9. Investment Expenses
Form 8811 and Reporting by Brokers or
Enter the regular interest holder's pro rata share of investment
expenses. Middlemen
REMICs and issuers of CDOs must also file Form 8811,
Statements to Holders Information Return for Real Estate Mortgage Investment
Conduits (REMICs) and Issuers of Collateralized Debt
For each Form 1099-OID you are required to file, you must Obligations, within 30 days after the start-up date of the REMIC
furnish a statement to the REMIC or FASIT regular interest or issue date of a CDO. The IRS will use the information on
holder or CDO holder identified on the form. The statement must Forms 8811 to update Pub. 938, Real Estate Mortgage
contain the information shown on Form 1099-OID, including the Investment Conduits (REMICs) Reporting Information, for use by
legend shown on Copy B of the official Form 1099-OID, and an certain brokers, middlemen, corporations, and others specified
indication that these items are being furnished to the IRS. The in Regulations section 1.6049-7(e)(4). Pub. 938 is available at
statement must also show the information specified in IRS.gov/Pub938.
Regulations section 1.6049-7(f)(2)(ii). In addition, the statement
furnished by a REMIC must show, for each calendar quarter, the For the requirements that a REMIC or CDO issuer or a broker
information specified in Regulations section 1.6049-7(f)(3). Also, or middleman who holds as a nominee a REMIC or FASIT
see Regulations section 1.6049-7(f)(3)(ii) for information that regular interest or a CDO furnish certain information on request,
may be required to be reported to a real estate investment trust see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7).
(REIT) that holds a REMIC regular interest.
A single-class REMIC (as defined in Temporary Regulations
section 1.67-3T(a)(2)(ii)(B)) must include in the statement the

8 Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2024)

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