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Can I use the tax information displayed on the Original Issue Discount page for tax preparation?

April 26, 2017discount ISSUE original page tax tax preparation

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Can I use the tax information displayed on the Original Issue Discount page for tax preparation?

1 Answer

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Tax reporting of OID obligations is complex. Consult your tax advisor or IRS Publication 1212, “List of Original Issue Discount Instruments,” for specific reporting information.