Instructions For Forms 1099-Int And 1099-Oid

as a nominee a REMIC or FASIT regular interest or CDO

official Form 1099-OID, and an indication that these items

must file Form 1099-OID. The form is used to report OID

are being furnished to the IRS. The statement also must

of $10 or more accrued to a REMIC or FASIT regular

show the information specified in Regulations section

interest holder or to a holder of a CDO. Also use Form

1.6049-7(f)(2)(ii). In addition, the statement furnished by a

1099-OID to report other interest accrued to a REMIC or

REMIC must show, for each calendar quarter, the

FASIT regular interest holder during the year or paid to a

information specified in Regulations section 1.6049-7(f)

holder of a CDO. You may use Form 1099-INT rather than

(3). Also see Regulations section 1.6049-7(f)(3)(ii) for

Form 1099-OID to report interest for an instrument issued

information that may be required to be reported to a real

with OID if no OID is includible in the regular interest

estate investment trust (REIT) that holds a REMIC regular

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

interest.

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

A single-class REMIC (as defined in Temporary

exempt recipients including, but not limited to, the

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

following.

the statement the investment expenses paid or accrued

A corporation.

during each calendar quarter by the REMIC for which the

A broker.

REMIC is allowed a deduction under section 212 and the

A middleman/nominee.

proportionate share of those investment expenses

A financial institution.

allocated to the regular interest holder.

Any IRA, Archer MSA, Medicare Advantage MSA, or

HSA.

The statement must be furnished to holders by March

A tax-exempt organization.

15. To meet the statement requirement, you may furnish a

copy of Form 1099-OID and a separate statement

For additional exempt recipients, see Regulations

containing the additional information to the REMIC or

section 1.6049-7(c).

FASIT regular interest or CDO holder.

Box 1. Original Issue Discount for 2018

For information about reporting income to REMIC

residual interest holders, see the instructions for

Report in box 1 the aggregate amount of OID includible in

Schedule Q (Form 1066), Quarterly Notice to Residual

the gross income of each REMIC or FASIT regular interest

Interest Holder of REMIC Taxable Income or Net Loss

or CDO holder for the period during the year for which the

Allocation, in the separate Instructions for Form 1066,

return is made. No amount should be reported in box 8.

available at IRS.gov/Form1066.

Box 2. Other Periodic Interest

Form 8811 and Reporting by Brokers or

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

Middlemen

accrued to each REMIC or FASIT regular interest holder

or paid to each CDO holder. If you are a single-class

REMICs and issuers of CDOs also must file Form 8811,

REMIC (as defined in Temporary Regulations section

Information Return for Real Estate Mortgage Investment

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

Conduits (REMICs) and Issuers of Collateralized Debt

reportable in box 2 by the regular interest holder's share of

Obligations, within 30 days after the start-up date of the

investment expenses of the REMIC for the year.

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

information on Forms 8811 to update Pub. 938, Real

Box 9. Investment Expenses

Estate Mortgage Investment Conduits (REMICs)

Reporting Information, for use by certain brokers,

Enter the regular interest holder's pro rata share of

middlemen, corporations, and others specified in

investment expenses deductible by a single-class REMIC.

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

at IRS.gov/Pub938.

Statements to Holders

For the requirements that a REMIC or CDO issuer or a

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

broker or middleman who holds a REMIC or FASIT

must furnish a statement to the REMIC or FASIT regular

regular interest or a CDO furnish certain information on

interest or CDO holder identified on the form. The

request, see Regulations sections 1.6049-7(e) and

statement must contain the information shown on Form

1.6049-7(f)(7).

1099-OID, including the legend shown on Copy B of the

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

Instructions For Forms 1099-Int And 1099-Oid - 2018 Page 9

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