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Level 2
April 16, 2020
Solved

Form 1099 DIV

  • April 16, 2020
  • 3 replies
  • 29 views

I want to file a married filing separate return, and a 1099 -Div states it is joint but only has the one

social security number on, can I split 50-50 on each return?

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Best answer by abctax55

I would put 100% on the return that has the SSN the F 1099-Div was issued under, then back off 50% as 'nominee' (Just for matching purposes in an attempt to avoid future CP 2000 letters).

The other return, just put the 50%...  The IRS cares not if you "over-report" income.

3 replies

sjrcpa
Level 15
April 16, 2020

Yes. 

The more I know the more I don’t know.
abctax55
abctax55Answer
Level 15
April 16, 2020

I would put 100% on the return that has the SSN the F 1099-Div was issued under, then back off 50% as 'nominee' (Just for matching purposes in an attempt to avoid future CP 2000 letters).

The other return, just put the 50%...  The IRS cares not if you "over-report" income.

HumanKind... Be Both
cas8161Author
Level 2
April 18, 2020

How do I enter these on a married filing seperate return