Get your taxes done using TurboTax

If you received 2022 dividend income in your mother's name, the income is properly reported on a 2022 IRS form 1041 estate income tax return.

If there is no IRS form 1041 estate income tax return, the dividend income may be reported by the beneficiaries.  Two equal beneficiaries would each report the income and enter an adjustment to the income to reflect only your taxable portion.  (Each beneficiary may report one half.)

Follow these steps:

1. Open or continue your return, if you haven't already
2. Select Federal from the left menu, then Wages & Income
3. Scroll down to Investments and Savings and select Start or Revisit next to Dividends on 1099-DIV
4. Answer Yes on the next screen, then follow the onscreen instructions to enter the info from your 1099-DIV.
   • If you chose to type in your info, select Enter a different way on the Let's import your tax info screen, then on the next screen choose the Dividends option and Continue
5. On the screen Do any of these uncommon situations apply? check the box next to I need to adjust these dividends.
6. On the next screen, enter the Adjustment amount in the box provided
7. Select I received all or part of these dividends for someone else (I am a nominee).

@garlbeth721