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How to Create and Print 1099-OID Forms

W2 Mate® software supports 1099-OID forms. Our 1099/ 1098 year–end reporting program will generate and print an Original Issue Discount form, 1099-OID, on blank paper. This comprehensive 1099 tax software is an affordable time-saving solution for accountants/CPA’s, financial institutions and other issuer’s. Easily enter 1099-OID recipient data and click print. See the step by step instructions below.

Step by Step Instructions

Make sure you have the correct Company open inside W2 Mate

Note: In order to use this feature you must purchase and enable W2 Mate Option #5 for Additional 1099 Forms

1. Click "1099 & 1098 Recipients " from Shortcuts

2. Click "New 1099/1098 Recipient"

3. Checkmark to choose "Form 1099-OID" from the drop down list

4. Enter New Recipient information

5. Click "OK"

6. Click "1099 & 1098 Forms " from Shortcuts

7. Click "Select" under Form Type

8. Select "Form 1099-OID" from the list

9. Click "OK"

10. Click "Select" under Recipient

11. Select the correct recipient from the list

12. Click "OK"

13. Fill in recipient(s) amounts (for example: Early withdrawal penalty, Market discount, etc.)

14. Click "Save"

Note: Repeat the steps above for each 1099-OID recipient

15. Click "Print"

16. Step 1: Select Recipients from list

17. Step 2: Select type of copy to print

Note: To print a Recipient /Payer copy on blank paper choose the copy to print from the drop-down menu

To print the data on the preprinted IRS red form chose "Print DATA Only"

18. Click "OK"

19. Select the correct printer from drop down list

20. Click "OK"

Create Populate and Print 1099-OID Forms in W2 Mate®

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