@cmoy The IRS doesn't have a lot set up for nominee recipients. It's not their favorite thing. So you are right that it is difficult to do this. It's difficult for reasons.
The two best options for dealing with this are -
1. As @DianeW777 says above you can issue a 1099 to your son. This is a whole different TurboTax program but it will help you create a 1099 from you for him for half of the proceeds on your original return. This is the IRS's preferred method and what they would advise you to do over the phone.
If you choose this one here is the TurboTax program for creating 1099s.
2. Paper file the return with an explanation. If you include copies of the form(s) and your son's social security number listed as the recipient of half of the proceeds that should solve the issue.
Having said all that what I would do is exactly what you're doing. File the return with half on yours and half on his and be ready - in case a letter from the IRS arrives - to send copies of both of your schedules B and D and the 1099 to the service.
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