1099-OID 2016

What's New for 2016

Reporting bond premium. Box 12 was added to Form 1099-INT and Box 10 was added to Form 1099-OID to report bond premium.

New Fields

Field Name	Size	Type	Description	Notes
See Form Filer Common Fields			Filer fields common to all form types.
See Recipient Common Fields			Recipient fields common to all form types.
Box 1 Amount	12	Amount	Box 1: Original issue discount for 2016
Box 2 Amount	12	Amount	Box 2: Other periodic interest
Box 3 Amount	12	Amount	Box 3: Early withdrawal penalty
Box 4 Amount	12	Amount	Box 4: Federal income tax withheld
Box 5 Amount	12	Amount	Box 5: Market discount
Box 6 Amount	12	Amount	Box 6: Acquisition premium
Box 7 All Lines	60	Text	Box 7: Description
Box 8 Amount	12	Amount	Box 8: Original issue discount on U.S. Treasury obligations
Box 9 Amount	12	Amount	Box 9: Investment expenses
Box 10 Amount	12	Amount	Box 10: Bond premium
Box 11 Text	2	Text	Box 10: State	Use state abbreviation
Box 12 Text	14	Text	Box 11: State identification no.	Given by State Department of Revenue
Box 13 Amount	12	Amount	Box 12: State tax withheld
2nd Tin not. Checkbox	1	Checkbox	2nd Tax ID number Notice	X / Y / T / 1 = Checked
FATCA checkbox	1	Checkbox	FATCA filing requirement	X / Y / T / 1 = Checked
See Form Common Fields			Form fields common to all form types.

IRS 1099-OID Form: 1099-OID Form