OID Interest? How Reported?

[zeros]

How is this reported? Just ordinary interest on Schedule B?

[Bill Tubbs]

Yep.

That's how I do it. In my software I treat it as a 1099-Int.

[origun]

OID from federal obligations

A lot of OID is from federal obligations that are state tax-exempt so be sure to find out the nature of the investment and sometimes it has to be input differently (depending on your software) to become a state subtraction.