She had 4 investment accounts and 5 savings accounts, each with post-death income. The numbers aren’t big, but I want to make sure the returns are all accurate.
I have tax docs (1099-DIV/1099-B/8949) from 2 of the investment accounts and am still waiting on 2 more.
I believe I correctly understand how to identify the nominee interest in Turbotax (TT) for the savings/interest earning accounts. The process for this using TT for her 5 accounts seemed simple.
I know from entering the 1099-DIV information and nominee information that TT makes calculations projecting Qualified Dividend numbers that are incorrect for my situation. I do not see any easy way to separate out nominee income numbers for the other income noted on the 1099-DIV.
I have entered information from the 1099-DIVs (2 so far) in TT.
Exactly how do I enter/differentiate accurate information about the nominee income on Mom's return (being redirected via 1099 to the estate)??
I will have income for FOUR different investment accounts to enter (and merge?) and see a big opportunity for mistakes to be made.
I have nominee information on Lines:
1a. Total Divs.,
1b. Qual. Divs.,
2a. Cap. Gains
5. Sec. 199A Divs.,
7. For. Tax Pd.,
12.Exempt-Int Divs.,
Form 8949 with capital loss.
I had hoped there would be a simple screen to enter the nominee information (after checking the box that changes need to be made), but was disappointed.
I appreciate any help you can provide!!
