Instructions For Forms 1099-Int And 1099-Oid

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

well as additional information identified in Regulations

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

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

federal identification number on Forms 1099-OID and

tax information statement must be furnished to the TIH by

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

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

Bureau of Public Debt.

is attributable to a TIH must be included on the tax

information statement provided to the TIH and is not

Box 9. Investment Expenses

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

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

For more filing requirements, see the 2015 General

Expenses under Rules for REMICs, FASITs, and Issuers

Instructions for Certain Information Returns.

of CDOs, later.

Rules for REMICs, FASITs, and Issuers of CDOs

Boxes 10–12. State Information

These reporting rules apply only to FASITs in

These boxes may be used by payers who participate in

existence on October 22, 2004, to the extent that

the Combined Federal/State Filing Program and/or who

regular interests issued by the FASIT before that

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

CAUTION

date continue to remain outstanding in accordance with

tax department. See Publication 1220 for more

the original terms of issue.

information regarding the Combined Federal/State Filing

Program. They are provided for your convenience only

REMICs, holders of ownership interests in FASITs,

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

issuers of CDOs, and any broker or middleman who holds

information boxes to report payments for up to two states.

as a nominee a REMIC or FASIT regular interest or CDO

Keep the information for each state separated by the dash

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

line. If you withheld state income tax on this payment,

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

enter it in box 12. In box 10, enter the abbreviated name of

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

the state and in box 11, enter the payer's state

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

identification number. The state number is the payer's

FASIT regular interest holder during the year or paid to a

identification number assigned by the individual state.

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

Form 1099-OID to report interest for an instrument issued

If a state tax department requires that you send them a

with OID if no OID is includible in the regular interest

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

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

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

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

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

exempt recipients including but not limited to the

Rules for Widely Held Fixed Investment Trusts

following.

(WHFITs) and Widely Held Mortgage Trusts

A corporation.

(WHMTs)

A broker.

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

A middleman/nominee.

exceeds $10 for the calendar year, trustees and

A financial institution.

middlemen must use Form 1099-OID to report both the

Any IRA, Archer MSA, Medicare Advantage MSA, or

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

HSA.

WHFIT that is attributable to the TIH. If the trustee

A tax-exempt organization.

provides WHFIT information using the safe harbor rules in

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

For additional exempt recipients, see Regulations

middleman must determine the amounts reported on

section 1.6049-7(c).

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

or (g)(2), as appropriate.

Box 1. Original Issue Discount for 2015

Reporting OID for a widely held mortgage trust

Report in box 1 the aggregate amount of OID includible in

(WHMT). If a WHMT has a start-up date before August

the gross income of each REMIC or FASIT regular interest

13, 1998, trustees and middlemen of the WHMT are not

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

required to report OID information. If the WHMT has a

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

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

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

Box 2. Other Periodic Interest

faith, but without success, to obtain the historical

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

information required to provide OID information, no

accrued to each REMIC or FASIT regular interest holder

penalties will be imposed if the trustee and middlemen of

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

the WHMT do not provide OID information. The trustee

REMIC (as defined in Temporary Regulations section

must provide a statement to middlemen indicating that the

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

trustee is not providing OID information because the

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

trustee has attempted, in good faith, to obtain the

investment expenses of the REMIC for the year.

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

Enter the regular interest holder's pro rata share of

to the TIH. A tax information statement that includes the

investment expenses deductible by a single-class REMIC.

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

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Instructions for Forms 1099-INT and 1099-OID (2015)

Instructions For Forms 1099-Int And 1099-Oid - 2015 Page 8

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