Get your taxes done using TurboTax

ReginaM · ‎March 11, 2020

You will divide your 1099-DIV based on the rules for your residential state(s), as the type of state you live in governs how you divide your dividends on your return. If you live in a community property state you must split your dividend earnings, the IRS states that you must follow suit for your federal return. Community Property states are:states include:

Arizona,
California,
Idaho,
Louisiana,
Nevada,
New Mexico,
Texas,
Washington, and
Wisconsin.

If you live in any other state, you can chose who gets to claim your 1099-DIV, using whatever % that you and your spouse chose.

In TurboTax, do not select that you received this income as nominee, rather select other reasons.

For more information, See IRS Publication 504

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