SYSTEM MAPPING VALIDATION: 1099-OID & 1099-INT
Tax Year: 2026
System Module / Feed:
Reviewer:
Date:

1. SECURITY CLASSIFICATION CHECK
[ ] Specified private activity bonds identified in security master.
[ ] Tax-exempt OID mapped strictly to 1099-OID Box 11 for private activity bonds.
[ ] Tax-exempt stated interest mapped strictly to 1099-INT Boxes 8 and 9 for private activity bonds.
[ ] Consolidated logic (OID Box 2) disabled for private activity bonds.

2. PREMIUM AMORTIZATION MAPPING (COVERED SECURITIES)
[ ] If interest is mapped to 1099-OID Box 2, bond premium is mapped to 1099-OID Box 10.
[ ] If interest is mapped to 1099-INT Box 1, bond premium is mapped to 1099-INT Box 11.
[ ] Acquisition premium reporting convention selected (Gross in Box 1 + Amortization in Box 6, OR Net in Box 1).
[ ] If Net OID is reported, verify Box 6 is explicitly left blank.

3. DUPLICATE REPORTING AUDIT
[ ] Query executed for overlapping CUSIPs with >$0 in OID Box 2 and >$0 in INT Box 1.
[ ] Exceptions reviewed for multiple lots/distinct purchase dates.
[ ] Subsystem data feeds reconciled to enforce mutual exclusion of stated interest.

4. FURNISHING AND COMPLIANCE
[ ] FATCA checkbox logic verified for applicable accounts.
[ ] Account numbers populated where multiple forms exist or FATCA is checked.
[ ] Recipient TIN truncation applied only to payee substitute statements.
[ ] Full TINs preserved for IRS transmission files.