Get your taxes done using TurboTax

I want to point out while Turbotax has a section for nominee amount it may not work correctly 

example1099-DIV entered

line 1a 20000 divs

line 1b 10000 qualifying

line 2a  5000 capital gain

line 5 10000 199a

line 7 5000 FTC

line 7d 20000 foreiggn dividends

line N  10000 nominee because I wanted a 50/50 split

 

 

what I ended up with

taxable divdends 12000 rather than 10000

qualified dividends 6000 rather than 5000

capital gain dividends 3000 rather than 2500

1099a/qbi divdends form 8995 10000 instead of 5000

ftc  and foreign dividends  5000 ftc rather than 2500 and 20000 foreign dividends rather than 10000

 

 so check what's actually is appearing vs what should be

another thing the IRS actually wants you to file  1099s reporting the nominee amounts