Form 1099-OID documents an "original issue discount." When you purchase a bond for less than its face value, that's called an original issue discount. You'll redeem the bond at its face value when ...

Taxpayers may also receive Form 1099-OID for taxable interest. Form 1099-OID reports original issue discount instruments; if a taxable bond or other debt instrument was issued at a discount ...

Form 1099 reports freelance payments, income from investments, retirement accounts, Social Security benefits and government payments, withdrawals from 529 college savings plans and health savings ...

In some cases, CD holders may receive a Form 1099-OID in place of Form 1099-INT. OID stands for Original Issue Discount, and it typically refers to CDs and other bonds that were issued at a price ...