Get your taxes done using TurboTax

If you receive a tax reporting statement (Form 1099-S) that indicates you received the entire proceeds from the sale, you will have to enter that amount into the program and then also indicate that you received part of the proceeds as nominee (i.e., that part will be subtracted from the total proceeds).

 

Note that TurboTax does not support reporting a transaction for which you received a 1099-as a nominee.

 

See https://digitalasset.intuit.com/DOCUMENT/A7LDFEv4x/040120-2019-unsupported-calcs-L1FQfTTgn.pdf

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