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OMB No. 1545-$01172015 2 Other periodic interest $3 Early withdrawal penalty Form Original Issue Discount 1099-OID 4 Federal income tax withheld Copy B PAYER S federal identification number RECIPIENT
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2 discount - tax is the amount obtained by subtracting the tax from the discount.
Anyone who has received a discount and needs to pay tax on the discounted amount.
To fill out 2 discount - tax, calculate the tax on the discounted amount and subtract it from the discount to get the final amount.
The purpose of 2 discount - tax is to ensure that taxes are paid on the full amount after any discounts have been applied.
The discounted amount, the tax rate, and the final amount after subtracting the tax.
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