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Form 1099 DIV

cas8161
Level 1

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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abctax55
Level 15

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

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3 Comments 3
sjrcpa
Level 15

Yes. 

The more I know, the more I don't know.
abctax55
Level 15

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
cas8161
Level 1

How do I enter these on a married filing seperate return

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