Original issue discount (OID).

If you are reporting OID in an amount less than the amount shown in box 1 or box 8 of Form 1099-OID, follow the rules earlier under Nominees to see how to report the OID. But identify the amount to be subtracted as “OID Adjustment.” However, if the payer reported to you a net amount of OID on the bond reflecting the offset of the gross amount of OID by any acquisition premium, no reduction of the amount of OID income reported to you by the payer is permitted on Schedule B for the bond.