What Is Form 1099-OID: Original Issue Discount? Form 1099-OID: Original Issue Discount is an Internal Revenue Service (IRS) form that taxpayers receive if their taxable income for the year ...

Form 1099-OID documents an "original issue discount." When you purchase a bond for less than its face value, that's called an original issue discount. You'll redeem the bond at its face value when ...

1099 forms report income received by individuals or businesses that is not from traditional employment, like freelance payments, income from investments, retirement distributions and withdrawals ...