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Department of the Treasury
Internal Revenue Service
Instructions for Forms

1099-INT and 1099-OID

(Rev. January 2022)
Interest Income and Original Issue Discount

Section references are to the Internal Revenue Code unless
otherwise noted. Specific Instructions for Form
Future Developments 1099-INT
For the latest information about developments related to Forms Note. For the most recent version, go to IRS.gov/Form1099INT.
1099-INT and 1099-OID and their instructions, such as File Form 1099-INT, Interest Income, for each person:
legislation enacted after they were published, go to IRS.gov/ 1. To whom you paid amounts reportable in boxes 1, 3, or 8
Form1099INT and IRS.gov/Form1099OID. 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.
What’s New Interest Income, later);
Continuous-use form and instructions. Form 1099-INT and 2. For whom you withheld and paid any foreign tax on
these instructions have been converted from an annual revision interest; or
to continuous use. Both the form and instructions will be updated 3. From whom you withheld (and did not refund) any federal
as needed. For the most recent versions, go to IRS.gov/ income tax under the backup withholding rules regardless of the
Form1099INT. amount of the payment.
Reminders Report only interest payments made in the course of your
In addition to these specific instructions, you should also use the trade or business including federal, state, and local government
current General Instructions for Certain Information Returns. agencies and activities deemed nonprofit, or for which you were
Those general instructions include information about the a nominee/middleman. Report interest that is taxable OID in
following topics. box 1 or 8 of Form 1099-OID, Original Issue Discount, not on
• Who must file. Form 1099-INT. Report interest that is tax-exempt OID in box 11
• When and where to file. of Form 1099-OID, not on Form 1099-INT. Report
• Electronic reporting. exempt-interest dividends from a mutual fund or other regulated
• Corrected and void returns. investment company (RIC) on Form 1099-DIV.
• Statements to recipients. For a specified private activity bond with OID, report the
• Taxpayer identification numbers (TINs). tax-exempt OID in box 11 on Form 1099-OID, and the
• Backup withholding. tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT.
• Penalties.
• The definitions of terms applicable for chapter 4 purposes that Exceptions to reporting. No Form 1099-INT must be filed for
are referenced in these instructions. payments made to exempt recipients or for interest excluded
• Other general topics. from reporting.
Exempt recipients. You are not required to file Form
You can get the General Instructions for Certain Information 1099-INT for payments made to certain payees including, but
Returns, at IRS.gov/1099GeneralInstructions, or go to IRS.gov/ not limited to, a corporation, a tax-exempt organization, any
Form1099INT or IRS.gov/Form1099OID. individual retirement arrangement (IRA), Archer medical savings
Online fillable Copies 1, B, 2, and C. To ease statement account (MSA), Medicare Advantage MSA, health savings
furnishing requirements, Copies 1, B, 2, and C are fillable online account (HSA), a U.S. agency, a state, the District of Columbia,
in a PDF format available at IRS.gov/Form1099INT and IRS.gov/ a U.S. possession, a registered securities or commodities
Form1099OID. You can complete these copies online for dealer, nominees or custodians, brokers, or notional principal
furnishing statements to recipients and for retaining in your own contract (swap) dealers. For additional exempt recipients, see
files. Regulations section 1.6049-4 for more information. For
situations when you are required to file Form 1099-INT for
Continuous-use Form 1099-OID and instructions. Form certain recipients that are otherwise generally exempt, but that
1099-OID and its instructions, contained herein, are continuous receive credits from tax credit bonds, see Interest to holders of
use. Both the form and instructions will be updated as needed. tax credit bonds under Box 1. Interest Income, later.
For the most recent version, go to 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.

Nov 08, 2021 Cat. No. 27980N

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When is a payment made? Generally, interest is paid when it received during the year at the time of the transactions, such as
is credited or set apart for a person without any substantial you might have done for window transactions, do not include
limitation or restriction as to the time, manner, or condition of these same amounts in a Form 1099-INT furnished to the same
payment. The interest must be made available so that it may be recipient for other payments during the year.
drawn on at any time and its receipt brought within the control Truncating recipient’s TIN. Pursuant to Regulations section
and disposition of the person. 301.6109-4, all filers of Form 1099-INT may truncate a
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
interest and the OID on Form 1099-OID. It is not necessary to file are 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,
taxable bond, if you have been notified by the taxpayer that the or 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
if you choose to report qualified stated interest in box 2 of Form of the second notice. See part N in the current General
1099-OID, you must report any bond premium amortization on Instructions 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 and 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), a financial asset securitization investment trust

-2- Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2022)

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(FASIT) regular interest holder, or paid to a collateralized debt address, and TIN on Form 1099-INT and Form 1096, Annual
obligation (CDO) holder, as explained later. Summary and Transmittal of U.S. Information Returns, not those
Also, include interest of $600 or more paid in the course of of the U.S. Treasury Department or the Bureau of the Fiscal
your trade or business not meeting the above criteria, such as Service.
interest on delayed death benefits paid by a life insurance
company, interest received with damages, interest on a state or Box 4. Federal Income Tax Withheld
federal income tax refund, or interest attributable to certain Enter backup withholding. For example, if a recipient does not
notional principal contracts with nonperiodic payments. furnish its TIN to you in the manner required, you must backup
Include in box 1 any accrued qualified stated interest on withhold on payments required to be reported in box 1 (which
bonds sold between interest dates (or on a payment date). Also may be reduced by the amount reported in box 2), box 3, and
show OID on short-term obligations of 1 year or less and interest box 8 on this form.
on all bearer certificates of deposit. For a taxable covered For more information on backup withholding, including the
security acquired at a premium, see Box 11. Bond Premium, applicable rate, see part N in the current General Instructions for
later. 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 For single-class REMICs only, see Box 5. Investment Expenses
bonds. under Rules for REMICs, FASITs, and Issuers of CDOs, later.
• Clean renewable energy bonds.
• 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. Enter any foreign tax paid on interest. Report this amount in U.S.
• Build America bonds (Tax Credit). 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. Possession
15, December 15, and the last day on which the bond is Enter the name of the foreign country or U.S. possession for
outstanding. For bonds issued during the 3-month period ending which the foreign tax was paid and reported in box 6.
on a credit allowance date and for bonds which are redeemed or
mature, the amount of the credit is determined ratably based on Box 8. Tax-Exempt Interest
the portion of the 3-month period during which the bond is
outstanding. Enter tax-exempt interest that is not OID of $10 or more that is
credited or paid to the person's account if that interest is paid on
Generally, interest paid is not required to be reported to the obligations issued by a state, the District of Columbia, a U.S.
list of recipients below. However, if they are holders of, or possession, an Indian tribal government, or their political
recipients of credit from, the tax credit bonds listed above, the subdivisions, or qualified volunteer fire departments to finance
tax credit must be reported. eligible expenditures. A political subdivision may include port
• A corporation. authorities, toll road commissions, utility services authorities,
• A dealer in securities or commodities required to register as community redevelopment agencies, and similar governmental
such under the laws of the United States, a state, the District of entities that meet the requirements of Regulations section
Columbia, or a possession of the United States. 1.103-1(b). Include in box 8 any accrued qualified stated interest
• A real estate investment trust (REIT) as defined in section on these bonds sold between interest dates (or on a payment
856. date). For a tax-exempt covered security acquired at a premium,
• An entity registered at all times during the tax year under the see Box 13. Bond Premium on Tax-Exempt Bond, later.
Investment Company Act of 1940.
• 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 taxpayer 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
Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2022) -3-

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section 1276(b)(2) to determine the accruals of market discount Rules for WHFITs
for the debt instrument. See Regulations section 1.6045-1(n)(11) Trustees and middlemen must report the gross amount of
(i)(B). For a covered security with OID, report the accruals of interest attributable to the TIH for the calendar year on Form
market discount on Form 1099-OID rather than on Form 1099-INT if that amount exceeds $10. If the trustee provides
1099-INT. WHFIT information using the safe harbor rules in Regulations
section 1.671-5(f)(1) or (g)(1), the trustee or middleman must
Box 11. Bond Premium determine the amounts reported on Form 1099-INT under
For a taxable covered security acquired at a premium (other than Regulations section 1.671-5(f)(2) or (g)(2), as appropriate.
a U.S. Treasury obligation), enter the amount of bond premium
amortization allocable to the interest paid during the tax year, Requirement to furnish a tax information statement to the
unless you were notified in writing that the holder did not want to TIH. A tax information statement that includes the information
amortize bond premium under section 171. See Regulations provided to the IRS on Form 1099-INT, as well as additional
sections 1.6045-1(n)(5) and 1.6049-9(b). If you are required to information identified in Regulations section 1.671-5(e), must be
report bond premium amortization and you reported a net provided to TIHs. The written tax information statement must be
amount of interest in box 1, leave this box blank. 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 12. Bond Premium on U.S. Treasury the tax information statement provided to the TIH and is not
required to be included in box 5 of Form 1099-INT.
Obligations
WHFIT interest income information may be included in
For a U.S. Treasury obligation that is a covered security, enter summary totals reported to the IRS and the TIH. Information
the amount of bond premium amortization allocable to the about WHFIT interest income may also be included in a
interest paid during the tax year, unless you were notified in composite statement furnished to the TIH.
writing that the holder did not want to amortize bond premium
under section 171. See Regulations sections 1.6045-1(n)(5) and For more filing requirements, see the current General
1.6049-9(b). If you are required to report bond premium Instructions for Certain Information Returns.
amortization and you reported a net amount of interest in box 3,
leave this box blank. Rules for REMICs, FASITs, and Issuers of CDOs
In the case of a FASIT, these reporting rules apply only
Box 13. Bond Premium on Tax-Exempt Bond ! to FASITs in existence on October 22, 2004, to the
For a tax-exempt covered security acquired at a premium, enter CAUTION extent that regular interests issued by the FASIT before
the amount of bond premium amortization allocable to the that date continue to remain outstanding in accordance with the
interest paid during the tax year. If you reported a net amount of original terms of issue.
interest in box 8 or 9, whichever is applicable, leave this box
REMICs, holders of ownership interests in FASITs, issuers of
blank.
CDOs, and any broker or middleman who holds as a nominee a
REMIC or FASIT regular interest or CDO must file Form
Box 14. Tax-Exempt and Tax Credit Bond CUSIP 1099-INT. The form is used to report interest of $10 or more,
No. other than OID, accrued to a REMIC or FASIT regular interest
For single bonds or accounts containing a single bond, enter the holder during the year or paid to a holder of a CDO. If you are
CUSIP number of the tax-exempt bond for which tax-exempt also reporting OID, this interest and the OID can be reported on
interest is reported in box 8 or tax credit bond (including build Form 1099-OID. You do not have to file both Forms 1099-INT
America bond and specified tax credit bond) for which a tax and 1099-OID.
credit or taxable interest, as applicable, is reported in box 1.
Enter the CUSIP number of the bond for which interest was paid You are not required to file or issue Form 1099-INT for
or tax credit was allowed. If the tax-exempt interest or the tax exempt recipients including, but not limited to, the following.
credit is reported in the aggregate for multiple bonds or • A corporation.
accounts, enter “various.” • A broker.
• A middleman/nominee.
Boxes 15–17. State Information • A financial institution.
• Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.
These boxes may be used by payers who participate in the • A tax-exempt organization.
Combined Federal/State Filing Program and/or who are required
to file paper copies of this form with a state tax department. See For additional exempt recipients, see Regulations section
Pub. 1220 for more information regarding the Combined 1.6049-7(c).
Federal/State Filing Program. They are provided for your
convenience only and need not be completed for the IRS. Use Box 1. Interest Income
the state information boxes to report payments for up to two
states. Keep the information for each state separated by the Report in box 1 the amount of interest, other than OID, accrued
dash line. If you withheld state income tax on this payment, you to each REMIC or FASIT regular interest holder or paid to a CDO
may enter it in box 17. In box 15, enter the abbreviated name of holder for the period during the year for which the return is made.
the state, and in box 16, enter the payer's state identification If you are a single-class REMIC (as defined in Temporary
number. The state number is the payer's identification number Regulations section 1.67-3T(a)(2)(ii)(B)), increase the amount
assigned by the individual state. otherwise reportable in box 1 by the regular interest holder's
share of investment expenses of the REMIC for the year. No
If a state tax department requires that you send them a paper amount should be reported in box 3.
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 Box 5. Investment Expenses
recipient's state income tax return.
Enter the regular interest holder's pro rata share of investment
expenses.

-4- Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2022)

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Statements to Holders • A financial institution having other deposit arrangements,
such as time deposits or bonus-savings plans, if the
For each Form 1099-INT you are required to file, you must arrangements have OID and a term of more than 1 year.
furnish a statement to the REMIC or FASIT regular interest A broker or other middleman holding an OID obligation,
•
holder or CDO holder identified on the form. The statement must including CDs, as nominee for the actual owner.
contain the information shown on Form 1099-INT, including the A trustee or middleman of a widely held fixed investment trust
•
legend shown on Copy B of the official Form 1099-INT, and an (WHFIT) or widely held mortgage trust (WHMT).
indication that these items are being furnished to the IRS. The A real estate mortgage investment conduit (REMIC), a holder
•
statement must also show the information specified in of an ownership interest in a financial asset securitization
Regulations section 1.6049-7(f)(2)(i). In addition, the statement investment trust (FASIT), or an issuer of a collateralized debt
furnished by a REMIC must show, for each calendar quarter, the obligation (CDO).
information specified in Regulations section 1.6049-7(f)(3). Also,
see Regulations section 1.6049-7(f)(3)(ii) for information that Also, file Form 1099-OID for any person for whom you
may be required to be reported to a REIT that holds a REMIC withheld and paid any foreign tax on OID or from whom you
regular interest. withheld (and did not refund) any federal income tax under the
backup withholding rules even if the amount of the OID is less
A single-class REMIC (as defined in Temporary Regulations than $10.
section 1.67-3T(a)(2)(ii)(B)) must include in the statement the
investment expenses paid or accrued during each calendar Original issue discount. OID is the excess of an obligation's
quarter by the REMIC for which the REMIC is allowed a stated redemption price at maturity over its issue price
deduction under section 212 and the proportionate share of (acquisition price for a stripped bond or coupon). In the case of a
those investment expenses allocated to the regular interest taxable obligation, a discount of less than / of 1% of the stated 1 4
holder. redemption price at maturity, multiplied by the number of full
years from the date of issue to maturity, is considered to be zero.
The statement must be furnished to holders by March 15. To Reporting OID. You must prepare a Form 1099-OID for each
meet the statement requirement, you may furnish a copy of Form person who is a holder of record of the obligation if the total daily
1099-INT and a separate statement containing the additional portions of OID for that person is at least $10. See the
information to the REMIC or FASIT regular interest holder or instructions for Box 1, later, for taxable OID; Box 8, later, for
CDO holder. taxable OID on U.S. Treasury obligations; and Box 11, later, for
tax-exempt OID.
For information about reporting income to REMIC residual
interest holders, see the instructions for Schedule Q (Form Ordinarily, you will file only one Form 1099-OID for the
1066), Quarterly Notice to Residual Interest Holder of REMIC depositor or holder of a particular obligation for the calendar
Taxable Income or Net Loss Allocation, in the Instructions for year. If a person holds more than one discount obligation, issue
Form 1066, available at IRS.gov/Form1066. a separate Form 1099-OID for each obligation. However, if a
person holds more than one certificate, you can file a single
Form 1099-OID only if (1) they are the same issue, (2) held the
Form 8811 and Reporting by Brokers or same amount of time during the calendar year, (3) acquired at
Middlemen the same time, (4) acquired for the same price, and (5) all debt
REMICs and issuers of CDOs must also file Form 8811, elections (or lack of elections) are the same for all certificates.
Information Return for Real Estate Mortgage Investment For information about how to compute OID, see sections
Conduits (REMICs) and Issuers of Collateralized Debt 1271–1275 and their regulations and section 1288.
Obligations, within 30 days after the start-up date of the REMIC If you are a broker or middleman who holds a bank CD as
or issue date of a CDO. The IRS will use the information on nominee, whether or not you sold the CD to the owner, you must
Forms 8811 to update Pub. 938, Real Estate Mortgage determine the amount of OID includible in the income of the
Investment Conduits (REMICs) Reporting Information, for use by owner, if any, and report it on Form 1099-OID.
certain brokers, middlemen, corporations, and others specified Pub. 1212, Guide to Original Issue Discount (OID)
in Regulations section 1.6049-7(e)(4). Pub. 938 is available at Instruments, contains information on certain outstanding publicly
IRS.gov/Pub938. offered discount obligations. It is available at IRS.gov/Pub1212.
For the requirements that a REMIC or CDO issuer or a broker Issuers of certain publicly offered debt instruments having
or middleman who holds a REMIC or FASIT regular interest or a OID must file Form 8281, Information Return for Publicly Offered
CDO furnish certain information on request, see Regulations Original Issue Discount Instruments, generally within 30 days
sections 1.6049-7(e) and 1.6049-7(f)(7). after the date of issuance, or, if later, the date of registration with
the Securities and Exchange Commission. The information
provided on that form will enable the IRS to update Pub. 1212.
Specific Instructions for Form See Form 8281, available at IRS.gov/Form8281, and
1099-OID Regulations section 1.1275-3(c) for details.
Note. For the most recent version, go to IRS.gov/ Exceptions. You are not required to file Form 1099-OID for
Form1099OID. payments made to certain payees including a corporation, a
File Form 1099-OID, Original Issue Discount, if the total daily tax-exempt organization, any individual retirement arrangement
portions of original issue discount (OID) for a holder is at least (IRA), an Archer medical savings account (MSA), Medicare
$10 and you are any of the following. Advantage MSA, health savings account (HSA), a U.S. agency,
• An issuer with any bond outstanding or other evidence of a state, the District of Columbia, a U.S. possession, or a
indebtedness in registered or bearer form issued with OID. registered securities or commodities dealer.
• An issuer of a certificate of deposit (CD) made, purchased, or Report interest on U.S. Savings Bonds on Form
renewed after 1970 if the CD has OID and a term of more than 1 ! 1099-INT. Also, report OID on obligations with a term of
year (see Caution, later). CAUTION 1 year or less on Form 1099-INT.

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Reporting interest and OID. If you are reporting qualified 2nd TIN not. You may enter an “X” in this box if you were
stated interest and OID on an obligation, you may report both the notified by the IRS twice within 3 calendar years that the payee
interest and the OID on Form 1099-OID. It is not necessary to file provided an incorrect TIN. If you mark this box, the IRS will not
both Forms 1099-INT and 1099-OID. On Form 1099-OID, report send you any further notices about this account.
the qualified stated interest in box 2 and the OID in box 1, 8, or However, if you received both IRS notices in the same year,
11, as applicable. You may choose to report the interest on Form or if you received them in different years but they both related to
1099-INT and the OID on Form 1099-OID. information returns filed for the same year, do not check the box
Reporting OID and acquisition premium. For a covered at this time. For purposes of the two-notices-in-3-years rule, you
security acquired with acquisition premium, you must report the are considered to have received one notice and you are not
amount of acquisition premium amortization for the tax year. See required to send a second “B” notice to the taxpayer on receipt
Regulations section 1.6045-1(a)(15) to determine if a debt of the second notice. See part N in the current General
instrument is a covered security. In general, you must use the Instructions for Certain Information Returns for more information.
rules in Regulations section 1.1272-2(b)(4) to amortize the For information on the TIN Matching System offered by
acquisition premium. See Regulations section 1.6049-9(c). You TIP the IRS, see Items You Should Note in the current
may, but are not required to, report the acquisition premium General Instructions for Certain Information Returns.
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
premium amortized for the tax year, you may report either (1) a Report the taxable OID on the obligation for the part of the year it
net amount of OID that reflects the offset of OID by the amount was owned by the record holder. Do not include the amount
of acquisition premium amortization for the year, or (2) a gross reported in box 8. For a discussion of WHFITs, WHMTs,
amount for both the OID and the acquisition premium REMICs, FASITs, and CDOs, see the instructions, later.
amortization for the year. For example, if $20 of OID accrues on
a corporate bond during the year and there is acquisition Box 2. Other Periodic Interest
premium amortization of $2 for the year, you may report $18 of Enter any qualified stated interest paid or credited on this
OID in box 1 and $0 in box 6, or you may report $20 of OID in obligation during the year. However, you may report any
box 1 and $2 in box 6. For a noncovered security acquired with qualified stated interest on Treasury Inflation Protected
acquisition premium, you are only required to report the gross Securities in box 3 of Form 1099-INT rather than in box 2 of
amount of OID. Form 1099-OID. Interest reported here must not be reported on
Form 1099-INT. For a discussion of REMICs, FASITs, and
Reporting interest and bond premium. For a debt instrument CDOs, see the instructions, later.
with OID that is a covered security, if you choose to report
qualified stated interest in box 2 of Form 1099-OID, report any Box 3. Early Withdrawal Penalty
bond premium amortization allocable to the interest in box 10 of
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 required to be reported in boxes 1, 2, and 8, but is limited to the
on any documents the filer files with the IRS. A payer's TIN may cash paid on these obligations. Before applying the applicable
not 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 For more information on backup withholding, including the
are a U.S. payer that is reporting on Form(s) 1099 (including applicable rate, see part N in the current General Instructions for
reporting amounts in boxes 1, 2, and 8 on this Form 1099-OID) Certain Information Returns.
as part of satisfying your requirement to report with respect to a
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 taxpayer 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
you check the “FATCA filing requirement” box. See FATCA filing more. For more details, see Regulations section 1.6045-1(n).
requirement checkbox, earlier. Additionally, the IRS encourages Unless the taxpayer notified you that the taxpayer did not make
you to designate an account number for all Forms 1099-OID that a 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 1.6045-1(n)(11)(i)(B). You may, but are not required to,

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report the market discount for a tax-exempt obligation that is a states. Keep the information for each state separated by the
covered security acquired before January 1, 2017. dash line. If you withheld state income tax on this payment, enter
it in box 14. In box 12, enter the abbreviated name of the state,
Box 6. Acquisition Premium and in box 13, enter the payer's state identification number. The
For a covered security acquired with acquisition premium, enter state number is the payer's identification number assigned by
the amount of premium amortization for the part of the year the the individual state.
debt instrument was owned by the holder. See Regulations
sections 1.6045-1(n)(5) and 1.6049-9(c). If you reported a net If a state tax department requires that you send them a paper
amount of OID in box 1, 8, or 11, as applicable, leave this box copy of this form, use Copy 1 to provide information to the state
blank. You may, but are not required to, report the acquisition tax department. Give Copy 2 to the recipient for use in filing the
premium for a tax-exempt obligation that is a covered security recipient's state income tax return.
acquired before January 1, 2017.
Rules for WHFITs and WHMTs
Box 7. Description If the OID attributable to a trust interest holder (TIH) exceeds $10
Enter the CUSIP number, if any. If there is no CUSIP number, for the calendar year, trustees and middlemen must use Form
enter the abbreviation for the stock exchange, the abbreviation 1099-OID to report both the gross amount of OID (box 1) and
for the issuer used by the stock exchange, the coupon rate, and interest (box 2) of the WHFIT that is attributable to the TIH. If the
the year of maturity (for example, NYSE XYZ 12 / 25). If the 1 2 trustee provides WHFIT information using the safe harbor rules
issuer of the obligation is other than the payer, show the name of in Regulations section 1.671-5(f)(1) or (g)(1), the trustee or
the issuer. middleman must determine the amounts reported on Form
1099-OID under Regulations section 1.671-5(f)(2) or (g)(2), as
Box 8. Original Issue Discount on U.S. Treasury appropriate.
Obligations Reporting OID for a WHMT. If a WHMT has a start-up date
before August 13, 1998, trustees and middlemen of the WHMT
Enter the OID on a U.S. Treasury obligation for the part of the
are not required to report OID information. If the WHMT has a
year it was owned by the record holder. Do not include this
start-up date on or after August 13, 1998, and on or before
amount in box 1. You may enter any qualified stated interest on
January 24, 2006, and the trustee has attempted in good faith,
the Treasury obligation in box 2. The amount in box 8 may be a
but without success, to obtain the historical information required
negative number (for example, if a Treasury Inflation Protected
to provide OID information, no penalties will be imposed if the
Security has a deflation adjustment for the year).
trustee and middlemen of the WHMT do not provide OID
If you make payment on a U.S. Treasury obligation on which information. The trustee must provide a statement to middlemen
OID is reportable, enter your name, address, and TIN on Forms indicating that the trustee is not providing OID information
1099-OID and 1096, not those of the U.S. Treasury Department because the trustee has attempted, in good faith, to obtain the
or the Bureau of the Fiscal Service. information necessary to calculate OID but has been
unsuccessful. See Regulations section 1.671-5(m)(2).
Box 9. Investment Expenses Requirement to furnish a tax information statement to the
For single-class REMICs only, see Box 9. Investment Expenses TIH. A tax information statement that includes the information
under Rules for REMICs, FASITs, and Issuers of CDOs, later. provided to the IRS on Form 1099-OID, as well as additional
information identified in Regulations section 1.671-5(e), must be
Note. This amount is not deductible. provided to TIHs. The written tax information statement must be
furnished to the TIH by March 15. The amount of an item of a
Box 10. Bond Premium trust expense that is attributable to a TIH must be included on
For a taxable covered security acquired at a premium, enter the the tax information statement provided to the TIH and is not
amount of bond premium amortization allocable to the interest required to be included in box 9 of Form 1099-OID.
paid during the tax year, unless you were notified in writing that For more filing requirements, see the current General
the holder did not want to amortize bond premium under section Instructions for Certain Information Returns.
171. See Regulations sections 1.6045-1(n)(5) and 1.6049-9(b).
For a tax-exempt covered security acquired at a premium, enter Rules for REMICs, FASITs, and Issuers of CDOs
the amount of bond premium amortization allocable to the
interest paid during the tax year. If you are required to report In the case of FASIT, these reporting rules apply only to
bond premium amortization and you reported a net amount of ! FASITs in existence on October 22, 2004, to the extent
interest in box 2, leave this box blank. CAUTION that regular interests issued by the FASIT before that
date continue to remain outstanding in accordance with the
Box 11. Tax-Exempt OID original terms of issue.
For a tax-exempt obligation that is a covered security acquired REMICs, holders of ownership interests in FASITs, issuers of
on or after January 1, 2017, enter the OID for the part of the year CDOs, and any broker or middleman who holds as a nominee a
it was owned by the record holder. You may, but are not required REMIC or FASIT regular interest or CDO must file Form
to, report the OID for a tax-exempt obligation that is a covered 1099-OID. The form is used to report OID of $10 or more
security acquired before January 1, 2017. accrued to a REMIC or FASIT regular interest holder or to a
holder of a CDO. Also, use Form 1099-OID to report other
Boxes 12–14. State Information interest accrued to a REMIC or FASIT regular interest holder
during the year or paid to a holder of a CDO. You may use Form
These boxes may be used by payers who participate in the 1099-INT rather than Form 1099-OID to report interest for an
Combined Federal/State Filing Program and/or who are required instrument issued with OID if no OID is includible in the regular
to file paper copies of this form with a state tax department. See interest holder's or CDO holder's income for the year.
Pub. 1220 for more information regarding the Combined
Federal/State Filing Program. They are provided for your You are not required to file or issue Form 1099-OID for
convenience only and need not be completed for the IRS. Use exempt recipients including, but not limited to, the following.
the state information boxes to report payments for up to two • A corporation.
Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2022) -7-

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• A broker. see Regulations section 1.6049-7(f)(3)(ii) for information that
• A middleman/nominee. may be required to be reported to a real estate investment trust
• A financial institution. (REIT) that holds a REMIC regular interest.
• Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.
• A tax-exempt organization. A single-class REMIC (as defined in Temporary Regulations
section 1.67-3T(a)(2)(ii)(B)) must include in the statement the
For additional exempt recipients, see Regulations section investment expenses paid or accrued during each calendar
1.6049-7(c). quarter by the REMIC for which the REMIC is allowed a
deduction under section 212 and the proportionate share of
Box 1. Original Issue Discount those investment expenses allocated to the regular interest
Report in box 1 the aggregate amount of OID includible in the holder.
gross income of each REMIC or FASIT regular interest or CDO The statement must be furnished to holders by March 15. To
holder for the period during the year for which the return is made. meet the statement requirement, you may furnish a copy of Form
No amount should be reported in box 8. 1099-OID and a separate statement containing the additional
information to the REMIC or FASIT regular interest or CDO
Box 2. Other Periodic Interest holder.
Report in box 2 any amount of interest, other than OID, accrued
to each REMIC or FASIT regular interest holder or paid to each For information about reporting income to REMIC residual
CDO holder. If you are a single-class REMIC (as defined in interest holders, see the instructions for Schedule Q (Form
Temporary Regulations section 1.67-3T(a)(2)(ii)(B)), increase 1066), Quarterly Notice to Residual Interest Holder of REMIC
the amount otherwise reportable in box 2 by the regular interest Taxable Income or Net Loss Allocation, in the Instructions for
holder's share of investment expenses of the REMIC for the Form 1066, available at IRS.gov/Form1066.
year.
Form 8811 and Reporting by Brokers or
Box 9. Investment Expenses Middlemen
Enter the regular interest holder's pro rata share of investment REMICs and issuers of CDOs must also file Form 8811,
expenses. Information Return for Real Estate Mortgage Investment
Conduits (REMICs) and Issuers of Collateralized Debt
Obligations, within 30 days after the start-up date of the REMIC
Statements to Holders or issue date of a CDO. The IRS will use the information on
For each Form 1099-OID you are required to file, you must Forms 8811 to update Pub. 938, Real Estate Mortgage
furnish a statement to the REMIC or FASIT regular interest or Investment Conduits (REMICs) Reporting Information, for use by
CDO holder identified on the form. The statement must contain certain brokers, middlemen, corporations, and others specified
the information shown on Form 1099-OID, including the legend in Regulations section 1.6049-7(e)(4). Pub. 938 is available at
shown on Copy B of the official Form 1099-OID, and an IRS.gov/Pub938.
indication that these items are being furnished to the IRS. The
statement must also show the information specified in For the requirements that a REMIC or CDO issuer or a broker
Regulations section 1.6049-7(f)(2)(ii). In addition, the statement or middleman who holds a REMIC or FASIT regular interest or a
furnished by a REMIC must show, for each calendar quarter, the CDO furnish certain information on request, see Regulations
information specified in Regulations section 1.6049-7(f)(3). Also, sections 1.6049-7(e) and 1.6049-7(f)(7).

-8- Instr. for Forms 1099-INT and 1099-OID (Rev. 01-2022)

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