No additional OID needs to be filed since Nominee has already filed OIDs on Estate’s behalf. Once Estate receives Recipient copy of OID, funds can be claimed on a tax return. For 1099-OID, see 26 USC 6049
For Deposits, Endorsements and Withdrawals Check from Bank Account 26 USC 163, 163(e) & 12 USC 412
File a 1099-A and receive 1099-OID for total credits deposit of check, withdrawals and endorsed from bank account. Credit cards are OID-able; ATM withdrawals
HOW TO CALCULATE OID FOR A LOAN WITH A MATURITY DATE
Scenario
OID Tax Report for Loans with a Maturity Date
You can amend your tax return up to 3 years using IRS Forms 1040, 1041. To file prior to 3 years, use IRS Form 706, 709. Tax Class 5.
