linduca1216
Level 7
‎05-04-2021 04:24 PM

Previously I was able to enter full amount of 1099-DIV and use second line as a negative amount for spousal allocation.   Not able to do this in 2020...   I like reporting it this way in that the full amount is in sync w/ what is shown for primary holder on the account.   Any work-arounds to share?

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Just-Lisa-Now-
Level 15
Level 15
‎05-04-2021 05:24 PM

If you double click on the dividend entry line, another window opens with a place to Nominee a portion of the dividends and the software will make the negative entry.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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linduca1216
Level 7
‎05-05-2021 11:11 PM

Thank you!!

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linduca1216
Level 7
‎05-05-2021 11:17 PM

Another question... Do you know of any way to do that for stock sales as well?

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Just-Lisa-Now-
Level 15
Level 15
‎05-06-2021 07:31 AM
No, they dont have a built in way to nominee a stock sale, you just have to make a second adjusting entry to nominee a portion of the gain/loss to the other person. Be sure your gross proceeds match the 1099B in that SSN to avoid the CP2000 mismatch notice.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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linduca1216
Level 7
‎05-06-2021 09:08 AM

Figured that was the only way... Hope the program will accept it!

Accountant-Man
Level 13
‎05-06-2021 11:19 AM

When there are Capital Gain Distributions, using Nominee is not quite straight forward, but it can be used with manipulations.

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