Instructions for Forms

Instructions for Forms

1099-INT and 1099-OID

Department of the Treasury

Internal Revenue Service

(Rev. January 2024)

Interest Income and Original Issue Discount

Section references are to the Internal Revenue Code unless

otherwise noted.

Future Developments

For the latest information about developments related to Forms

1099-INT and 1099-OID and their instructions, such as

legislation enacted after they were published, go to IRS.gov/

Form1099INT and IRS.gov/Form1099OID.

Reminders

In addition to these specific instructions, you should also use the

current General Instructions for Certain Information Returns.

Those general instructions include information about the

following topics.

• Who must file.

• When and where to file.

• Electronic reporting.

• Corrected and void returns.

• Statements to recipients.

• Taxpayer identification numbers (TINs).

• Backup withholding.

• Penalties.

• The definitions of terms applicable for chapter 4 purposes that

are referenced in these instructions.

• Other general topics.

You can get the General Instructions for Certain Information

Returns at IRS.gov/1099GeneralInstructions, or go to IRS.gov/

Form1099INT or IRS.gov/Form1099OID.

Online fillable Copies 1, B, and 2. To ease statement

furnishing requirements, Copies 1, B, and 2 are fillable online in

a PDF format available at IRS.gov/Form1099INT and IRS.gov/

Form1099OID. You can complete these copies online for

furnishing statements to recipients and for retaining in your own

files.

Continuous-use forms and instructions. Form 1099-INT,

Form 1099-OID, and these instructions, contained herein, are

continuous use. Both the forms and instructions will be updated

as needed. For the most recent version, go to IRS.gov/

Form1099INT or IRS.gov/Form1099OID.

Nonresident aliens. If you pay U.S. bank deposit interest of at

least $10 to certain nonresident alien individuals, report the

interest on Form 1042-S, Foreign Person's U.S. Source Income

Subject to Withholding. To determine whether an information

return is required for original issue discount, see Regulations

sections 1.6049-4(d)(2), 1.6049-5(f) and 1.6049-8(a). This

interest may be subject to backup withholding. See the

Instructions for Form 1042-S. Also, see Rev. Proc. 2012-24,

2012-20 I.R.B. 913, available at IRS.gov/irb/

2012-20_IRB#RP-2012-24.

Specific Instructions for Form

1099-INT

Note. For the most recent version, go to IRS.gov/Form1099INT.

File Form 1099-INT, Interest Income, for each person:

Nov 2, 2023

1. To whom you paid amounts reportable in boxes 1, 3, or 8

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.

Interest Income, later);

2. For whom you withheld and paid any foreign tax on

interest; or

3. From whom you withheld (and did not refund) any federal

income tax under the backup withholding rules regardless of the

amount of the payment.

Report only interest payments made in the course of your

trade or business including federal, state, and local government

agencies and activities deemed nonprofit, or for which you were

a nominee/middleman. Report interest that is taxable OID in

box 1 or 8 of Form 1099-OID, Original Issue Discount, not on

Form 1099-INT. Report interest that is tax-exempt OID in box 11

of Form 1099-OID, not on Form 1099-INT. Report

exempt-interest dividends from a mutual fund or other regulated

investment company (RIC) on Form 1099-DIV.

For a specified private activity bond with OID, report the

tax-exempt OID in box 11 on Form 1099-OID, and the

tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT.

Exceptions to reporting. No Form 1099-INT must be filed for

payments made to exempt recipients or for interest excluded

from reporting.

Exempt recipients. You are not required to file Form

1099-INT for payments made to certain payees including, but not

limited to, a corporation, a tax-exempt organization, any

individual retirement arrangement (IRA), Archer medical savings

account (MSA), Medicare Advantage MSA, health savings

account (HSA), a U.S. agency, a state, the District of Columbia, a

U.S. territory, a registered securities or commodities dealer, a

nominee or custodian, a broker, or notional principal contract

(swap) dealer. For additional exempt recipients, see Regulations

section 1.6049-4 for more information. For situations when you

are required to file Form 1099-INT for certain recipients that are

otherwise generally exempt, but that receive credits from tax

credit bonds, see Interest to holders of tax credit bonds under

Box 1. Interest Income, later.

Interest excluded from reporting. You are not required to

file Form 1099-INT for interest on an obligation issued by an

individual, interest on amounts from sources outside the United

States paid outside the United States by a non-U.S. payer or

non-U.S. middleman, certain portfolio interest, interest on an

obligation issued by an international organization and paid by

that organization, and payments made to a foreign beneficial

owner or foreign payee. See Regulations section 1.6049-5 for

more information.

Other exception. Do not report tax-deferred interest, such as

interest that is earned but not distributed from an IRA.

When is a payment made? Generally, interest is paid when it

is credited or set apart for a person without any substantial

limitation or restriction as to the time, manner, or condition of

payment. The interest must be made available so that it may be

drawn on at any time and its receipt brought within the control

and disposition of the person.

Cat. No. 27980N

For payments made on obligations subject to transactional

reporting (for example, U.S. Savings Bonds, interest coupons,

and other demand obligations), interest is paid at the time the

obligation is presented for payment. For example, interest on a

coupon detached from a bond is paid when it is presented for

payment.

For rules regarding when interest earned by a trust interest

holder (TIH) in a widely held fixed investment trust (WHFIT) is

reportable, see Regulations section 1.671-5.

A credit allowed from tax credit bonds reportable on Form

1099-INT is treated as paid on the credit allowance date. For

information on credit allowance dates, see Interest to holders of

tax credit bonds under Box 1. Interest Income, later.

Reporting interest and OID. If you are reporting qualified

stated interest and OID on any obligation that is not a specified

private activity bond, you may report both the qualified stated

interest and the OID on Form 1099-OID. It is not necessary to file

both Forms 1099-INT and 1099-OID. On Form 1099-OID, report

the qualified stated interest in box 2 and the OID in box 1, 8, or

11, as applicable. However, you may choose to report the

qualified stated interest on Form 1099-INT and the OID on Form

1099-OID. For a specified private activity bond with OID, report

the tax-exempt OID in box 11 on Form 1099-OID and the

tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT.

Reporting interest and bond premium. For a covered

security acquired with bond premium, you must report the

amount of bond premium amortization for the tax year. See

Regulations section 1.6045-1(a)(15) to determine if a debt

instrument is a covered security. However, in the case of a

taxable bond, if you have been notified by the taxpayer that the

taxpayer does not elect to amortize bond premium, you must not

report any amount of bond premium amortization. See

Regulations section 1.6045-1(n)(5).

For a covered security acquired with OID and bond premium,

if you choose to report qualified stated interest in box 2 of Form

1099-OID, you must report any bond premium amortization on

that security in box 10 of Form 1099-OID. You may not report the

qualified stated interest on Form 1099-OID and the bond

premium amortization allocable to the interest on Form

1099-INT.

If you are required to report the amount of bond premium

amortization allocable to an interest payment, you may report

either (1) a net amount of interest that reflects the offset of the

interest payment by the amount of bond premium amortization

allocable to the interest payment, or (2) a gross amount for both

the interest payment and the bond premium amortization

allocable to the interest payment. For example, if a taxpayer

receives $20 of taxable interest from a corporate bond and the

amount of bond premium amortization allocable to the interest is

$2, you may report $18 of interest income in box 1 of Form

1099-INT and $0 in box 11, or you may report $20 of interest

income in box 1 and $2 in box 11. For a noncovered security

acquired with bond premium, you are only required to report the

gross amount of interest.

Statements to recipients. If you are required to file Form

1099-INT, you must furnish a statement to the recipient. For

more information about the requirement to furnish an official form

or acceptable substitute statement to recipients, see part M in

the current General Instructions for Certain Information Returns.

If you have furnished Forms 1099-INT to a recipient for amounts

received during the year at the time of the transactions, such as

you might have done for window transactions, do not include

these same amounts in a Form 1099-INT furnished to the same

recipient for other payments during the year.

Truncating recipient’s TIN. Pursuant to Regulations section

301.6109-4, all filers of Form 1099-INT may truncate a

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recipient’s TIN (social security number (SSN), individual

taxpayer identification number (ITIN), adoption taxpayer

identification number (ATIN), or employer identification number

(EIN)) on payee statements. Truncation is not allowed on any

documents the filer files with the IRS. A payer's TIN may not be

truncated on any form. See part J in the current General

Instructions for Certain Information Returns.

Account number. The account number is required if you have

multiple accounts for a recipient for whom you are filing more

than one Form 1099-INT. The account number is also required if

you check the “FATCA filing requirement” box. See FATCA filing

requirement checkbox, later. Additionally, the IRS encourages

you to designate an account number for all Forms 1099-INT that

you file. See part L in the current General Instructions for Certain

Information Returns.

FATCA filing requirement checkbox. Check the box if you are

a U.S. payer that is reporting on Form(s) 1099 (including

reporting payments in boxes 1, 3, 8, 9, and 10 on this Form

1099-INT) as part of satisfying your requirement to report with

respect to a U.S. account for chapter 4 purposes, as described

in Regulations section 1.1471-4(d)(2)(iii)(A). In addition, check

the box if you are a foreign financial institution (FFI) reporting

payments to a U.S. account pursuant to an election described in

Regulations section 1.1471-4(d)(5)(i)(A).

2nd TIN not. You may enter an “X” in this box if you were

notified by the IRS twice within 3 calendar years that the payee

provided an incorrect TIN. If you mark this box, the IRS will not

send you any further notices about this account.

However, if you received both IRS notices in the same year, or

if you received them in different years but they both related to

information returns filed for the same year, do not check the box

at this time. For purposes of the two-notices-in-3-years rule, you

are considered to have received one notice and you are not

required to send a second “B” notice to the taxpayer on receipt of

the second notice. See part N in the current General Instructions

for Certain Information Returns for more information.

For information on the TIN Matching System offered by

TIP the IRS, see Items You Should Note in the current

General Instructions for Certain Information Returns.

Payer's RTN (optional). If you are a financial institution that

wishes to participate in the program for direct deposit of refunds,

you may enter your routing transit number (RTN).

Box 1. Interest Income

Enter taxable interest not included in box 3. Include amounts of

$10 or more, whether or not designated as interest, that are paid

or credited to the person's account by savings and loan

associations, mutual savings banks not having capital stock

represented by shares, building and loan associations,

cooperative banks, homestead associations, credit unions, or

similar organizations. Include interest on bank deposits,

accumulated dividends paid by a life insurance company,

indebtedness (including bonds, debentures, notes, and

certificates other than those of the U.S. Treasury) issued in

registered form or of a type offered to the public, or amounts

from which you withheld federal income tax or foreign tax. In

addition, report interest of $10 or more attributable to a TIH of a

WHFIT, or accrued by a real estate mortgage investment conduit

(REMIC) or financial asset securitization investment trust

(FASIT) regular interest holder, or paid to a collateralized debt

obligation (CDO) holder, as explained later.

Also, include interest of $600 or more paid in the course of

your trade or business not meeting the above criteria, such as

interest on delayed death benefits paid by a life insurance

company, interest received with damages, interest on a state or

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

federal income tax refund, or interest attributable to certain

notional principal contracts with nonperiodic payments.

Include in box 1 any accrued qualified stated interest on

bonds sold between interest dates (or on a payment date). Also

show OID on short-term obligations of 1 year or less and interest

on all bearer certificates of deposit. For a taxable covered

security acquired at a premium, see Box 11. Bond Premium,

later.

Do not include in box 1 interest on tax-free covenant bonds or

dividends from money market funds (which are reportable on

Form 1099-DIV). Do not include any description in box 1.

Box 4. Federal Income Tax Withheld

Enter backup withholding. For example, if a recipient does not

furnish its TIN to you in the manner required, you must backup

withhold on payments required to be reported in box 1 (which

may be reduced by the amount reported in box 2), box 3, and

box 8 on this form.

For more information on backup withholding, including the

applicable rate, see part N in the current General Instructions for

Certain Information Returns.

For information on requesting the recipient's TIN, see part J in

the current General Instructions for Certain Information Returns.

Interest to holders of tax credit bonds. Report tax credits in

amounts of $10 or more allowed from the following tax credit

bonds.

• Clean renewable energy bonds.

• New clean renewable energy bonds.

• Qualified energy conservation bonds.

• Qualified zone academy bonds.

• Qualified school construction bonds.

• Build America bonds (Tax Credit).

Treat these amounts as paid on the credit allowance date.

The credit allowance dates are March 15, June 15, September

15, December 15, and the last day on which the bond is

outstanding. For bonds issued during the 3-month period ending

on a credit allowance date and for bonds which are redeemed or

mature, the amount of the credit is determined ratably based on

the portion of the 3-month period during which the bond is

outstanding.

Generally, interest paid is not required to be reported to the

list of recipients below. However, if they are holders of, or

recipients of credit from, the tax credit bonds listed above, the

tax credit must be reported.

• A corporation.

• A dealer in securities or commodities required to register as

such under the laws of the United States, a state, the District of

Columbia, or a territory of the United States.

• A real estate investment trust (REIT) as defined in section

856.

• An entity registered at all times during the tax year under the

Investment Company Act of 1940.

• A common trust fund as defined in section 584(a).

• Any trust which is exempt from tax under section 664(c).

Box 5. Investment Expenses

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

certificate of deposit (CD), that is deductible from gross income

by the recipient. Do not reduce the amount reported in box 1 by

the amount of the forfeiture. For detailed instructions for

determining the amount of forfeiture deductible by the depositor,

see Rev. Ruls. 75-20, 1975-1 C.B. 29, and 75-21, 1975-1 C.B.

367.

Box 3. Interest on U.S. Savings Bonds and

Treasury Obligations

Enter interest on U.S. Savings Bonds, Treasury bills, Treasury

notes, and Treasury bonds. Do not include in box 1. For a

taxable covered security acquired at a premium, see Box 12.

Bond Premium on U.S. Treasury Obligations, later.

If you make payment on a U.S. Savings Bond or other U.S.

obligation on which interest is reportable, enter your name,

address, and TIN on Form 1099-INT and Form 1096, Annual

Summary and Transmittal of U.S. Information Returns, not those

of the U.S. Treasury Department or the Bureau of the Fiscal

Service.

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

For single-class REMICs only, see Box 5. Investment Expenses

under Rules for REMICs, FASITs, and Issuers of CDOs, later.

Note. This amount is not deductible.

Box 6. Foreign Tax Paid

Enter any foreign tax paid on interest. Report this amount in U.S.

dollars.

Box 7. Foreign Country or U.S. Territory

Enter the name of the foreign country or U.S. territory for which

the foreign tax was paid and reported in box 6.

Box 8. Tax-Exempt Interest

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

obligations issued by a state, the District of Columbia, a U.S.

territory, an Indian tribal government, or their political

subdivisions, or qualified volunteer fire departments to finance

eligible expenditures. A political subdivision may include port

authorities, toll road commissions, utility services authorities,

community redevelopment agencies, and similar governmental

entities that meet the requirements of Regulations section

1.103-1(b). Include in box 8 any accrued qualified stated interest

on these bonds sold between interest dates (or on a payment

date). For a tax-exempt covered security acquired at a premium,

see Box 13. Bond Premium on Tax-Exempt Bond, later.

Any exempt-interest dividends from a mutual fund or other

RIC are reported on Form 1099-DIV.

Box 9. Specified Private Activity Bond Interest

Enter interest of $10 or more from specified private activity

bonds. Generally, “specified private activity bond” means any

private activity bond defined in section 141 and issued after

August 7, 1986. See section 57(a)(5) for more details. Also, see

the Instructions for Form 6251, Alternative Minimum

Tax—Individuals, available at IRS.gov/Form6251.

Box 10. Market Discount

For a covered security acquired with market discount, if the

recipient notified you that a section 1278(b) election was made,

enter the amount of market discount that accrued on the debt

instrument during the tax year in the amount of $10 or more. For

more details, see Regulations section 1.6045-1(n). Unless the

taxpayer notified you that the taxpayer did not make a section

1276(b) election, use the constant yield method described in

section 1276(b)(2) to determine the accruals of market discount

for the debt instrument. See Regulations section 1.6045-1(n)(11)

(i)(B). For a covered security with OID, report the accruals of

market discount on Form 1099-OID rather than on Form

1099-INT.

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Box 11. Bond Premium

For a taxable covered security acquired at a premium (other than

a U.S. Treasury obligation), enter the amount of bond premium

amortization allocable to the interest paid during the tax year,

unless you were notified in writing that 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). If you are required to

report bond premium amortization and you reported a net

amount of interest in box 1, leave this box blank.

Box 12. Bond Premium on Treasury Obligations

For a U.S. Treasury obligation that is a covered security, enter

the amount of bond premium amortization allocable to the

interest paid during the tax year, unless you were notified in

writing that 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). If you are required to report bond premium

amortization and you reported a net amount of interest in box 3,

leave this box blank.

Box 13. Bond Premium on Tax-Exempt Bond

For a tax-exempt covered security acquired at a premium, enter

the amount of bond premium amortization allocable to the

interest paid during the tax year. If you reported a net amount of

interest in box 8 or 9, whichever is applicable, leave this box

blank.

Box 14. Tax-Exempt and Tax Credit Bond CUSIP

No.

For single bonds or accounts containing a single bond, enter the

CUSIP number of the tax-exempt bond for which tax-exempt

interest is reported in box 8 or tax credit bond (including build

America bond and specified tax credit bond) for which a tax

credit or taxable interest, as applicable, is reported in box 1.

Enter the CUSIP number of the bond for which interest was paid

or tax credit was allowed. If the tax-exempt interest or the tax

credit is reported in the aggregate for multiple bonds or

accounts, enter “various.”

Boxes 15–17. State Information

These boxes may be used by payers who participate in the

Combined Federal/State Filing Program and/or who are required

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

only and need not be completed for the IRS. Use the state

information boxes to report payments for up to two states. Keep

the information for each state separated by the dash line. If you

withheld state income tax on this payment, you may enter it in

box 17. In box 15, enter the abbreviated name of the state, and

in box 16, enter the payer's state identification number. The state

number is the payer's identification number assigned by the

individual state.

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.

Rules for WHFITs

Trustees and middlemen must report the gross amount of

interest attributable to the TIH for the calendar year on Form

1099-INT if that amount exceeds $10. If the trustee provides

WHFIT information using the safe harbor rules in Regulations

section 1.671-5(f)(1) or (g)(1), the trustee or middleman must

determine the amounts reported on Form 1099-INT under

Regulations section 1.671-5(f)(2) or (g)(2), as appropriate.

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Requirement to furnish a tax information statement to the

TIH. A tax information statement that includes the information

provided to the IRS on Form 1099-INT, as well as additional

information identified in Regulations section 1.671-5(e), must be

provided to TIHs. The written tax information statement must be

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

the tax information statement provided to the TIH and is not

required to be included in box 5 of Form 1099-INT.

WHFIT interest income information may be included in

summary totals reported to the IRS and the TIH. Information

about WHFIT interest income may also be included in a

composite statement furnished to the TIH.

For more filing requirements, see the current General

Instructions for Certain Information Returns.

Rules for REMICs, FASITs, and Issuers of CDOs

In the case of a FASIT, these reporting rules apply only

to FASITs in existence on October 22, 2004, to the

CAUTION extent that regular interests issued by the FASIT before

that date continue to remain outstanding in accordance with the

original terms of issue.

!

REMICs, holders of ownership interests in FASITs, issuers of

CDOs, and any broker or middleman who holds as a nominee a

REMIC or FASIT regular interest or CDO must file Form

1099-INT. The form is used to report interest of $10 or more,

other than OID, accrued to a REMIC or FASIT regular interest

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

Form 1099-OID. You do not have to file both Forms 1099-INT

and 1099-OID.

You are not required to file or issue Form 1099-INT for exempt

recipients including, but not limited to, the following.

• A corporation.

• A broker.

• A middleman/nominee.

• A financial institution.

• Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.

• A tax-exempt organization.

For additional exempt recipients, see Regulations section

1.6049-7(c).

Box 1. Interest Income

Report in box 1 the amount of interest, other than OID, accrued

to each REMIC or FASIT regular interest holder or paid to a CDO

holder for the period during the year for which the return is made.

If you are a single-class REMIC (as defined in Temporary

Regulations section 1.67-3T(a)(2)(ii)(B)), increase the amount

otherwise reportable in box 1 by the regular interest holder's

share of investment expenses of the REMIC for the year. No

amount should be reported in box 3.

Box 5. Investment Expenses

Enter the regular interest holder's pro rata share of investment

expenses.

Statements to Holders

For each Form 1099-INT you are required to file, you must

furnish a statement to the REMIC or FASIT regular interest

holder or CDO holder identified on the form. The statement must

contain the information shown on Form 1099-INT, including the

legend shown on Copy B of the official Form 1099-INT, and an

indication that these items are being furnished to the IRS. The

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

statement must also show the information specified in

Regulations section 1.6049-7(f)(2)(i). In addition, the statement

furnished by a REMIC must show, for each calendar quarter, the

information specified in Regulations section 1.6049-7(f)(3). Also,

see Regulations section 1.6049-7(f)(3)(ii) for information that

may be required to be reported to a REIT that holds a REMIC

regular interest.

investment trust (FASIT), or an issuer of a collateralized debt

obligation (CDO).

A single-class REMIC (as defined in Temporary Regulations

section 1.67-3T(a)(2)(ii)(B)) must include in the statement the

investment expenses paid or accrued during each calendar

quarter by the REMIC for which the REMIC is allowed a

deduction under section 212 and the proportionate share of

those investment expenses allocated to the regular interest

holder.

Original issue discount. OID is the excess of an obligation's

stated redemption price at maturity over its issue price

(acquisition price for a stripped bond or coupon). In the case of a

taxable obligation, a discount of less than 1/4 of 1% of the stated

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

meet the statement requirement, you may furnish a copy of Form

1099-INT and a separate statement containing the additional

information to the REMIC or FASIT regular interest holder or

CDO holder.

For information about reporting income to REMIC residual

interest holders, see the instructions for Schedule Q (Form

1066), Quarterly Notice to Residual Interest Holder of REMIC

Taxable Income or Net Loss Allocation, in the Instructions for

Form 1066, available at IRS.gov/Form1066.

Form 8811 and Reporting by Brokers or

Middlemen

REMICs and issuers of CDOs must also file Form 8811,

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

or issue date of a CDO. The IRS will use the information on

Forms 8811 to update Pub. 938, Real Estate Mortgage

Investment Conduits (REMICs) Reporting Information, for use by

certain brokers, middlemen, corporations, and others specified

in Regulations section 1.6049-7(e)(4). Pub. 938 is available at

IRS.gov/Pub938.

For the requirements that a REMIC or CDO issuer or a broker

or middleman who holds as a nominee a REMIC or FASIT

regular interest or a CDO furnish certain information on request,

see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7).

Specific Instructions for Form

1099-OID

Note. For the most recent version, go to IRS.gov/Form1099OID.

File Form 1099-OID, Original Issue Discount, if the total daily

portions of original issue discount (OID) for a holder is at least

$10 and you are any of the following.

• An issuer with any bond outstanding or other evidence of

indebtedness in registered or bearer form issued with OID.

• An issuer of a certificate of deposit (CD) made, purchased, or

renewed after 1970 if the CD has OID and a term of more than 1

year (see Caution, later).

• A financial institution having other deposit arrangements, such

as time deposits or bonus-savings plans, if the arrangements

have OID and a term of more than 1 year.

• A broker or other middleman holding an OID obligation,

including CDs, as nominee for the actual owner.

• A trustee or middleman of a widely held fixed investment trust

(WHFIT) or widely held mortgage trust (WHMT).

• A real estate mortgage investment conduit (REMIC), a holder

of an ownership interest in a financial asset securitization

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

Also, file Form 1099-OID for any person for whom you

withheld and paid any foreign tax on OID or from whom you

withheld (and did not refund) any federal income tax under the

backup withholding rules even if the amount of the OID is less

than $10.

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

portions of OID for that person is at least $10. See the

instructions for Box 1, later, for taxable OID; Box 8, later, for

taxable OID on U.S. Treasury obligations; and Box 11, later, for

tax-exempt OID.

Ordinarily, you will file only one Form 1099-OID for the

depositor or holder of a particular obligation for the calendar

year. If a person holds more than one discount obligation, issue

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

same amount of time during the calendar year, (3) acquired at

the same time, (4) acquired for the same price, and (5) all debt

elections (or lack of elections) are the same for all certificates.

For information about how to compute OID, see sections

1271–1275 and their regulations and section 1288.

If you are a broker or middleman who holds a bank CD as

nominee, whether or not you sold the CD to the owner, you must

determine the amount of OID includible in the income of the

owner, if any, and report it on Form 1099-OID.

Pub. 1212, Guide to Original Issue Discount (OID)

Instruments, contains information on certain outstanding publicly

offered discount obligations. It is available at IRS.gov/Pub1212.

Issuers of certain publicly offered debt instruments having

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

the Securities and Exchange Commission. The information

provided on that form will enable the IRS to update Pub. 1212.

See Form 8281, available at IRS.gov/Form8281, and

Regulations section 1.1275-3(c) for details.

Exceptions. You are not required to file Form 1099-OID for

payments made to certain payees including a corporation, a

tax-exempt organization, any individual retirement arrangement

(IRA), an Archer medical savings account (MSA), Medicare

Advantage MSA, health savings account (HSA), a U.S. agency, a

state, the District of Columbia, a U.S. territory, or a registered

securities or commodities dealer.

Report interest on U.S. Savings Bonds on Form

1099-INT. Also, report OID on obligations with a term of

CAUTION 1 year or less on Form 1099-INT.

!

Reporting interest and OID. If you are reporting qualified

stated interest and OID on an obligation, you may report both the

interest and the OID on Form 1099-OID. It is not necessary to file

both Forms 1099-INT and 1099-OID. On Form 1099-OID, report

the qualified stated interest in box 2 and the OID in box 1, 8, or

11, as applicable. You may choose to report the interest on Form

1099-INT and the OID on Form 1099-OID.

Reporting OID and acquisition premium. For a covered

security acquired with acquisition premium, you must report the

5

amount of acquisition premium amortization for the tax year. See

Regulations section 1.6045-1(a)(15) to determine if a debt

instrument is a covered security. In general, you must use the

rules in Regulations section 1.1272-2(b)(4) to amortize the

acquisition premium. See Regulations section 1.6049-9(c). You

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.

If you are required to report the amount of acquisition

premium amortized for the tax year, you may report either (1) a

net amount of OID that reflects the offset of OID by the amount of

acquisition premium amortization for the year, or (2) a gross

amount for both the OID and the acquisition premium

amortization for the year. For example, if $20 of OID accrues on

a corporate bond during the year and there is acquisition

premium amortization of $2 for the year, you may report $18 of

OID in box 1 and $0 in box 6, or you may report $20 of OID in

box 1 and $2 in box 6. For a noncovered security acquired with

acquisition premium, you are only required to report the gross

amount of OID.

Reporting interest and bond premium. For a debt instrument

with OID that is a covered security, if you choose to report

qualified stated interest in box 2 of Form 1099-OID, report any

bond premium amortization allocable to the interest in box 10 of

Form 1099-OID and not in boxes 11–13 of Form 1099-INT.

Statements to recipients. If you are required to file Form

1099-OID, you must furnish a statement to the recipient. For

more information about the requirement to furnish an official form

or acceptable substitute statement to recipients, see part M in

the current General Instructions for Certain Information Returns.

Truncating recipient’s TIN on payee statements. Pursuant

to Regulations section 301.6109-4, all filers of Form 1099-OID

may truncate a recipient’s TIN (social security number (SSN),

individual taxpayer identification number (ITIN), adoption

taxpayer identification number (ATIN), or employer identification

number (EIN)) on payee statements. Truncation is not allowed on

any documents the filer files with the IRS. A payer's TIN may not

be truncated on any form. See part J in the current General

Instructions for Certain Information Returns.

FATCA filing requirement checkbox. Check the box if you are

a U.S. payer that is reporting on Form(s) 1099 (including

reporting amounts in boxes 1, 2, and 8 on this Form 1099-OID)

as part of satisfying your requirement to report with respect to a

U.S. account for chapter 4 purposes, as described in

Regulations section 1.1471-4(d)(2)(iii)(A). In addition, check the

box if you are a Foreign Financial Institution (FFI) reporting

payments to a U.S. account pursuant to an election described in

Regulations section 1.1471-4(d)(5)(i)(A).

Account number. The account number is required if you have

multiple accounts for a recipient for whom you are filing more

than one Form 1099-OID. The account number is also required if

you check the “FATCA filing requirement” box. See FATCA filing

requirement checkbox, earlier. Additionally, the IRS encourages

you to designate an account number for all Forms 1099-OID that

you file. See part L in the current General Instructions for Certain

Information Returns.

2nd TIN not. You may enter an “X” in this box if you were

notified by the IRS twice within 3 calendar years that the payee

provided an incorrect TIN. If you mark this box, the IRS will not

send you any further notices about this account.

However, if you received both IRS notices in the same year, or

if you received them in different years but they both related to

information returns filed for the same year, do not check the box

at this time. For purposes of the two-notices-in-3-years rule, you

are considered to have received one notice and you are not

required to send a second “B” notice to the recipient on receipt of

6

the second notice. See part N in the current General Instructions

for Certain Information Returns for more information.

For information on the TIN Matching System offered by

TIP the IRS, see Items You Should Note in the current

General Instructions for Certain Information Returns.

Box 1. Original Issue Discount

Report the taxable OID on the obligation for the part of the year it

was owned by the record holder. Do not include the amount

reported in box 8. For a discussion of WHFITs, WHMTs,

REMICs, FASITs, and CDOs, see the instructions, later.

Box 2. Other Periodic Interest

Enter any qualified stated interest paid or credited on this

obligation during the year. However, you may report any qualified

stated interest on this obligation on Form 1099-INT rather than

on Form 1099-OID. For example, you may report any qualified

stated interest on Treasury Inflation Protected Securities in box 3

of Form 1099-INT rather than in box 2 of Form 1099-OID. For a

discussion of REMICs, FASITs, and CDOs, see the instructions,

later.

Box 3. Early Withdrawal Penalty

Enter interest or principal forfeited because of an early

withdrawal of time deposits, such as an early withdrawal from a

CD, that is deductible from gross income by the recipient. Do not

reduce the amounts in boxes 1 and 2 by the amount of the

forfeiture. For detailed instructions for determining the amount of

forfeiture deductible by the holder, see Rev. Ruls. 75-20, 1975-1

C.B. 29, and 75-21, 1975-1 C.B. 367.

Box 4. Federal Income Tax Withheld

Enter backup withholding. For example, if a recipient does not

furnish its TIN to you in the manner required, you must backup

withhold. The applicable interest rate applies to amounts

required to be reported in boxes 1, 2, and 8, but is limited to the

cash paid on these obligations. Before applying the applicable

interest rate, you may reduce the amounts reported in boxes 1

and 2 by the amount reported in box 3.

For more information on backup withholding, including the

applicable rate, see part N in the current General Instructions for

Certain Information Returns.

For information on requesting the recipient's TIN, see part J in

the current General Instructions for Certain Information Returns.

Box 5. Market Discount

For a covered security acquired with market discount and OID, if

the recipient notified you that a section 1278(b) election was

made, enter the amount of market discount that accrued on the

debt instrument during the tax year in the amount of $10 or more.

For more details, see Regulations section 1.6045-1(n). Unless

the recipient notified you that the recipient did not make a

section 1276(b) election, use the constant yield method

described in section 1276(b)(2) to determine the accruals of

market discount for the debt instrument. See Regulations section

1.6045-1(n)(11)(i)(B). You may, but are not required to, report the

market discount for a tax-exempt obligation that is a covered

security acquired before January 1, 2017.

Box 6. Acquisition Premium

For a covered security acquired with acquisition premium, enter

the amount of premium amortization for the part of the year the

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

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

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

premium for a tax-exempt obligation that is a covered security

acquired before January 1, 2017.

Box 7. Description

Enter the CUSIP number, if any. If there is no CUSIP number,

enter the abbreviation for the stock exchange, the abbreviation

for the issuer used by the stock exchange, the coupon rate, and

the year of maturity (for example, NYSE XYZ 121/2 25). If the

issuer of the obligation is other than the payer, show the name of

the issuer.

Box 8. Original Issue Discount on U.S. Treasury

Obligations

Enter the amount of OID on a U.S. Treasury obligation for the

part of the year it was owned by the record holder. Do not include

this amount in box 1. You may enter any qualified stated interest

on the Treasury obligation in box 2. The amount in box 8 may be

a negative number (for example, if a Treasury Inflation Protected

Security has a deflation adjustment for the year).

If you make payment on a U.S. Treasury obligation on which

OID is reportable, enter your name, address, and TIN on Forms

1099-OID and 1096, not those of the U.S. Treasury Department

or the Bureau of the Fiscal Service.

Box 9. Investment Expenses

For single-class REMICs only, see Box 9. Investment Expenses

under Rules for REMICs, FASITs, and Issuers of CDOs, later.

Note. This amount is not deductible.

Box 10. Bond Premium

For a taxable covered security acquired at a premium, enter the

amount of bond premium amortization allocable to the interest

paid during the tax year, unless you were notified in writing that

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).

For a tax-exempt covered security acquired at a premium, enter

the amount of bond premium amortization allocable to the

interest paid during the tax year. If you are required to report

bond premium amortization and you reported a net amount of

interest in box 2, leave this box blank.

Box 11. Tax-Exempt OID

For a tax-exempt obligation that is a covered security acquired

on or after January 1, 2017, enter the OID for the part of the year

it was owned by the record holder. You may, but are not required

to, report the OID for a tax-exempt obligation that is a covered

security acquired before January 1, 2017.

Boxes 12–14. State Information

These boxes may be used by payers who participate in the

Combined Federal/State Filing Program and/or who are required

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

only and need not be completed for the IRS. Use the state

information boxes to report payments for up to two states. Keep

the information for each state separated by the 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, and in box 13,

enter the payer's state identification number. The state number is

the payer's identification number assigned by the individual

state.

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.

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

Rules for WHFITs and WHMTs

If the OID attributable to a trust interest holder (TIH) exceeds $10

for the calendar year, trustees and middlemen must use Form

1099-OID to report both the gross amount of OID (box 1) and

interest (box 2) of the WHFIT that is attributable to the TIH. If the

trustee provides WHFIT information using the safe harbor rules

in Regulations section 1.671-5(f)(1) or (g)(1), the trustee or

middleman must determine the amounts reported on Form

1099-OID under Regulations section 1.671-5(f)(2) or (g)(2), as

appropriate.

Reporting OID for a WHMT. If a WHMT has a start-up date

before August 13, 1998, trustees and middlemen of the WHMT

are not required to report OID information. If the WHMT has a

start-up date on or after August 13, 1998, and on or before

January 24, 2006, and the trustee has attempted in good faith,

but without success, to obtain the historical information required

to provide OID information, no penalties will be imposed if the

trustee and middlemen of the WHMT do not provide OID

information. The trustee must provide a statement to middlemen

indicating that the trustee is not providing OID information

because the trustee has attempted, in good faith, to obtain the

information necessary to calculate OID but has been

unsuccessful. See Regulations section 1.671-5(m)(2).

Requirement to furnish a tax information statement to the

TIH. A tax information statement that includes the information

provided to the IRS on Form 1099-OID, as well as additional

information identified in Regulations section 1.671-5(e), must be

provided to TIHs. The written tax information statement must be

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

the tax information statement provided to the TIH and is not

required to be included in box 9 of Form 1099-OID.

For more filing requirements, see the current General

Instructions for Certain Information Returns.

Rules for REMICs, FASITs, and Issuers of CDOs

In the case of FASIT, these reporting rules apply only to

FASITs in existence on October 22, 2004, to the extent

CAUTION that regular interests issued by the FASIT before that

date continue to remain outstanding in accordance with the

original terms of issue.

!

REMICs, holders of ownership interests in FASITs, issuers of

CDOs, and any broker or middleman who holds as a nominee a

REMIC or FASIT regular interest or CDO must file Form

1099-OID. The form is used to report OID of $10 or more

accrued to a REMIC or FASIT regular interest holder or to a

holder of a CDO. Also, use Form 1099-OID to report other

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

1099-INT rather than Form 1099-OID to report interest for an

instrument issued with OID if no OID is includible in the regular

interest holder's or CDO holder's income for the year.

You are not required to file or issue Form 1099-OID for

exempt recipients including, but not limited to, the following.

• A corporation.

• A broker.

• A middleman/nominee.

• A financial institution.

• Any IRA, Archer MSA, Medicare Advantage MSA, or HSA.

• A tax-exempt organization.

For additional exempt recipients, see Regulations section

1.6049-7(c).

7

Box 1. Original Issue Discount

Report in box 1 the aggregate amount of OID includible in the

gross income of each REMIC or FASIT regular interest holder or

CDO holder for the period during the year for which the return is

made. No amount should be reported in box 8.

Box 2. Other Periodic Interest

Report in box 2 any amount of interest, other than OID, accrued

to each REMIC or FASIT regular interest holder or paid to each

CDO holder. If you are a single-class REMIC (as defined in

Temporary Regulations section 1.67-3T(a)(2)(ii)(B)), increase

the amount otherwise reportable in box 2 by the regular interest

holder's share of investment expenses of the REMIC for the year.

Box 9. Investment Expenses

Enter the regular interest holder's pro rata share of investment

expenses.

Statements to Holders

For each Form 1099-OID you are required to file, you must

furnish a statement to the REMIC or FASIT regular interest

holder or CDO holder identified on the form. The statement must

contain the information shown on Form 1099-OID, including the

legend shown on Copy B of the official Form 1099-OID, and an

indication that these items are being furnished to the IRS. The

statement must also show the information specified in

Regulations section 1.6049-7(f)(2)(ii). In addition, the statement

furnished by a REMIC must show, for each calendar quarter, the

information specified in Regulations section 1.6049-7(f)(3). Also,

see Regulations section 1.6049-7(f)(3)(ii) for information that

may be required to be reported to a real estate investment trust

(REIT) that holds a REMIC regular interest.

investment expenses paid or accrued during each calendar

quarter by the REMIC for which the REMIC is allowed a

deduction under section 212 and the proportionate share of

those investment expenses allocated to the regular interest

holder.

The statement must be furnished to holders by March 15. To

meet the statement requirement, you may furnish a copy of Form

1099-OID and a separate statement containing the additional

information to the REMIC or FASIT regular interest holder or

CDO holder.

For information about reporting income to REMIC residual

interest holders, see the instructions for Schedule Q (Form

1066), Quarterly Notice to Residual Interest Holder of REMIC

Taxable Income or Net Loss Allocation, in the Instructions for

Form 1066, available at IRS.gov/Form1066.

Form 8811 and Reporting by Brokers or

Middlemen

REMICs and issuers of CDOs must also file Form 8811,

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

or issue date of a CDO. The IRS will use the information on

Forms 8811 to update Pub. 938, Real Estate Mortgage

Investment Conduits (REMICs) Reporting Information, for use by

certain brokers, middlemen, corporations, and others specified

in Regulations section 1.6049-7(e)(4). Pub. 938 is available at

IRS.gov/Pub938.

For the requirements that a REMIC or CDO issuer or a broker

or middleman who holds as a nominee a REMIC or FASIT

regular interest or a CDO furnish certain information on request,

see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7).

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)