My Form 1099-DIV has amounts in boxes 1a, 1b, and 5. I fill in all amounts and <Enter> On the next screen I checked the box for "I need to adjust these dividends" <Enter>. On the next screen I entered the adjustment amount for Ordinary Dividends. (Instructions state that the percentage of adjustment amount will be applied to all other amounts on the form)
When carried over to Schedule B: Part II The Adjustment shows up to Ordinary Dividends as expected with "Nominee Distribution" as the explanation.
PROBLEM: When the amount in Box 5 (199A Dividends) is shown on Form 8995, there is no place to show an adjustment to that amount. It shows the entire original amount, with no adjustment.
(I understand that the amount in Box 5 is already included in total dividends, but it seems that for this calculation the amount should be adjusted separately.)
Anyone have experience with this?
