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Get your taxes done using TurboTax
Is someone with experience willing to walk me through the 1096 / nominee / 1099-INT process. This is something I will be doing once and never again. To reiterate: I will be receiving an 1099-INT from the IRS because I am the "person claiming the refund" of a 2019 return filed soon after my mother's death. There are 4 heirs including myself each getting equal fourths. I received the check finally in Nov 2023 long after the estate and the account were closed. What I understand is that in Turbo tax I enter the 1099 and nominate 3/4 of the amount. Then I fill out 3 1099 INTs to send to my siblings; and then submit to the IRS copies of those three 1099s along with a 1096. I need a bit of hand holding to make sure I do this correctly. Thank you in advance.