Monday, January 16, 2012

Negative oid adjustment?

I have a Market Linked Deposit that I need to report on Schedule B for $67. I also have a negative OID adjustment of -$116 for that same account, which ends up calculating my total Interest Income to a negative amt. Is this the right way to report an adjustment? My tax software identifies this as an error and needs me to fix in order to e-file.

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