Splitting jointly held 1099 dividends

[linduca1216]

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?

[Just-Lisa-Now- · Accepted solution]

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.

[linduca1216]

Thank you!!

[linduca1216]

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

[Just-Lisa-Now-]

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.

[linduca1216]

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

[Accountant-Man]

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