Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Sale of OID Instrument
Sale of OID Instrument
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
seltfam
Level 1
03-06-2021
01:16 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Have an OID instrument that was bought in 2019 and reported OID interest accreted in 2019 fully taxable. In 2020 had additional OID interest fully reported. The instrument was sold in 2020 with the original purchase price plus the accreted interest as the basis and was sold for a long-term loss, but less than the accreted interest. The 1099 indicates that the loss is Ordinary Income. How do I enter this in ProSeries to reflect the ordinary income?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
