On my 2009 ENHANCED 1099 under Federal Non-Reportable Information under Supplementary Information
There is an amount shown for Lehman bonds with an activity description of OID SHORTFALL.
- What is OID Shortfall? Google, BING, Yahoo, etc searches show nothing for this search term.
- The OID SHORTFALL amout shows up on my 1099-OID. Why am I being taxed on wothless bonds that are not paying dividends?
Thanks