Instructions For Forms 1099-Int And 1099-Oid

the year the debt instrument was owned by the holder.

regarding the Combined Federal/State Filing Program.

See Regulations sections 1.6045-1(n)(5) and 1.6049-9(c).

They are provided for your convenience only and need

If you reported a net amount of OID in box 1, 8, or 11, as

not be completed for the IRS. Use the state information

applicable, leave this box blank. You may, but are not

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

required to, report the acquisition premium for a

information for each state separated by the dash line. If

tax-exempt obligation that is a covered security acquired

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

before January 1, 2017.

box 14. In box 12, enter the abbreviated name of the

state, and in box 13, enter the payer's state identification

Box 7. Description

number. The state number is the payer's identification

number assigned by the individual state.

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

number, enter the abbreviation for the stock exchange,

If a state tax department requires that you send them a

the abbreviation for the issuer used by the stock

paper copy of this form, use Copy 1 to provide information

exchange, the coupon rate, and the year of maturity (for

to the state tax department. Give Copy 2 to the recipient

example, NYSE XYZ 12

25). If the issuer of the

1 2

for use in filing the recipient's state income tax return.

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

issuer.

Rules for WHFITs and WHMTs

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

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

exceeds $10 for the calendar year, trustees and

Obligations

middlemen must use Form 1099-OID to report both the

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

gross amount of OID (box 1) and interest (box 2) of the

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

WHFIT that is attributable to the TIH. If the trustee

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

provides WHFIT information using the safe harbor rules in

interest on the Treasury obligation in box 2. The amount in

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

box 8 may be a negative number (for example, if a

middleman must determine the amounts reported on

Treasury Inflation Protected Security has a deflation

Form 1099-OID under Regulations section 1.671-5(f)(2)

adjustment for the year).

or (g)(2), as appropriate.

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

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

which OID is reportable, enter your name, address, and

date before August 13, 1998, trustees and middlemen of

federal identification number on Forms 1099-OID and

the WHMT are not required to report OID information. If

1096, not those of the U.S. Treasury Department or the

the WHMT has a start-up date on or after August 13,

Bureau of Public Debt.

1998, and on or before January 24, 2006, and the trustee

Box 9. Investment Expenses

has attempted in good faith, but without success, to obtain

the historical information required to provide OID

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

information, no penalties will be imposed if the trustee and

Expenses under Rules for REMICs, FASITs, and Issuers

middlemen of the WHMT do not provide OID information.

of CDOs, later.

The trustee must provide a statement to middlemen

indicating that the trustee is not providing OID information

Box 10. Bond Premium

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

For a taxable covered security acquired at a premium,

the information necessary to calculate OID but has been

enter the amount of bond premium amortization allocable

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

to the interest paid during the tax year, unless you were

notified in writing that the holder did not want to amortize

Requirement to furnish a tax information statement

bond premium under section 171. See Regulations

to the TIH. A tax information statement that includes the

sections 1.6045-1(n)(5) and 1.6049-9(b). For a

information provided to the IRS on Form 1099-OID, as

tax-exempt covered security acquired at a premium, enter

well as additional information identified in Regulations

the amount of bond premium amortization allocable to the

section 1.671-5(e), must be provided to TIHs. The written

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

tax information statement must be furnished to the TIH by

report bond premium amortization and you reported a net

March 15. The amount of an item of a trust expense that

amount of interest in box 2, leave this box blank.

is attributable to a TIH must be included on the tax

information statement provided to the TIH and is not

Box 11. Tax-Exempt OID

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

For a tax-exempt obligation that is a covered security

For more filing requirements, see the 2018 General

acquired on or after January 1, 2017, enter the OID for the

Instructions for Certain Information Returns.

part of the year it was owned by the record holder. You

Rules for REMICs, FASITs, and Issuers of CDOs

may, but are not required to, report the OID for a

tax-exempt obligation that is a covered security acquired

These reporting rules apply only to FASITs in

before January 1, 2017.

existence on October 22, 2004, to the extent that

regular interests issued by the FASIT before that

Boxes 12–14. State Information

CAUTION

date continue to remain outstanding in accordance with

These boxes may be used by payers who participate in

the original terms of issue.

the Combined Federal/State Filing Program and/or who

REMICs, holders of ownership interests in FASITs,

are required to file paper copies of this form with a state

issuers of CDOs, and any broker or middleman who holds

tax department. See Pub. 1220 for more information

-8-

Instructions for Forms 1099-INT and 1099-OID (2018)

Instructions For Forms 1099-Int And 1099-Oid - 2018 Page 8

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