Business, Legal & Accounting Glossary
Original Issue Discount. This form is used with taxpayers who received an excess of an obligation’s stated redemption price at maturity over its issue price. These payments can be from bonds, notes, debentures, certificates, and other debts having a term greater than one year.
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Definitions for 1099-OID Form are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.