Instructions For Forms 1099-Int And 1099-Oid

For information about reporting income to REMIC

Statements to Holders

residual interest holders, see the instructions for

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

Schedule Q (Form 1066), Quarterly Notice to Residual

must furnish a statement to the REMIC or FASIT regular

Interest Holder of REMIC Taxable Income or Net Loss

interest or CDO holder identified on the form. The

Allocation, in the separate Instructions for Form 1066,

statement must contain the information shown on Form

available at

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

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

Form 8811 and Reporting by Brokers or

are being furnished to the IRS. The statement also must

Middlemen

show the information specified in Regulations section

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

REMICs and issuers of CDOs also must file Form 8811,

REMIC must show, for each calendar quarter, the

Information Return for Real Estate Mortgage Investment

information specified in Regulations section 1.6049-7(f)

Conduits (REMICs) and Issuers of Collateralized Debt

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

Obligations, within 30 days after the startup date of the

information that may be required to be reported to a real

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

estate investment trust (REIT) that holds a REMIC regular

information on Forms 8811 to update Pub. 938, Real

interest.

Estate Mortgage Investment Conduits (REMICs)

Reporting Information, for use by certain brokers,

A single-class REMIC (as defined in Temporary

middlemen, corporations, and others specified in

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

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

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

For the requirements that a REMIC or CDO issuer or a

proportionate share of those investment expenses

broker or middleman who holds a REMIC or FASIT

allocated to the regular interest holder.

regular interest or a CDO furnish certain information on

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

The statement must be furnished to holders by March

1.6049-7(f)(7).

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 or CDO holder.

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

Instructions For Forms 1099-Int And 1099-Oid - 2015 Page 9

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