NIIT Form 8960 vs 1099-OID

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pyt
Posts: 9
Joined: Fri Sep 08, 2017 5:17 pm

NIIT Form 8960 vs 1099-OID

Post by pyt »

Hello. I'm a Canadian citizen living in the US. This is the first year (2024) that I will have to pay the Net Investment Income Tax as per form 8960. It says that 1099-INT and 1099-DIV totals have to be included in the calculations, but I could not find any reference to 1099-OID. Do I also have to account for accrued interest?

Thanks in advance for your insight.
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: NIIT Form 8960 vs 1099-OID

Post by nelsona »

Rely on your software.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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