In TurboTax Online Premier version, I am able to enter an IRS Form 1099-DIV with the same amount in boxes 1a, 1b and 5. I enter a nominee dividend adjustment at the screen Tell us about your dividend adjustment.
The correct amount (gross amount minus nominee distribution) is reported:
- On the Federal 1040 lines 3a and 3b, and
- On the Federal 1040 Schedule B Interest and Ordinary Dividends Part II.
My example is reporting an IRS Form 8995 Qualified Business Income Deduction Simplified Computation. In my example, the correct amount is reported on line 12 Net capital gain. Is this the entry that you are not seeing reported correctly?
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