About Form 1099-OID, Original Issue Discount

File Form 1099-OID:

  • If the original issue discount (OID) includible in gross income is at least $10.
  • For any person for whom you withheld and paid any foreign tax on OID.
  • From whom you withheld (and did not refund) any federal income tax under the backup withholding rules, even if the amount of the OID is less than $10.