Hello,
I am a nominee for 1099-DIV and I must divide all boxes by 50%. I've already filed a 1099-DIV form to the other person. I'm very confused about how to apply the adjustment. Please consider the following example: Let's say on my 1099-DIV, I have $1,000 in box 1a, $1,000 in box 1b, $10,000 in box 2a and $500 in box 11. Total is $12,500; the half of which is $6,250; and this is the amount I filed a 1099-DIV for other person. Will I put $6,250 in the adjustment amount section? According to the examples, If I do so my net result will not be $6,250 (50%) in the end due to complicated calculations TurboTax does to reduce the amount. How to overcome this problem? Also, how box 11 and 12 are adjusted? Thank you very much.
