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Printable Form 1099-OID Hillsboro Oregon: What You Should Know
Is it OK for me to include the original issue discount of bonds or other certificates of deposits (CDs) in income on my tax return? Yes, you are entitled to income on the original issue discount of bonds, notes, or certificates of deposit (CDs) when the purchaser pays them for their principal, and the discount is “for purposes of” the sale, which means it is the purpose of paying for and paying the bonds or any bonds issued. See Form 1099-OID and IRS Publication 550.
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