Deductions & credits

TurboTax suggests that for 1099-DIV and 1099-INT income, I enter her portion as nominee (obviously we will need to share spreadsheets and the combined income should be 100% of the received) income.  Can someone confirm this is correct and there is no additional documentation required to be provided?  Yes, this is the correct way to do this.

After you enter your dividends you will select I need to adjust these dividends then his continue

Next enter the amount you paid her or her share of the dividends.  hit continue. 

You will see the full amount on the summary screen, but then on your 1040, only the amount that belongs to you will be reported. 

You then need to issue her a 1099INT and 1099-DIV

You can use Intuit's Quick Employer Forms to file the nominee forms

For the 1099-B, it may be easier for you to pay the taxes and have her pay you back, so whichever option works best for you, you can choose to do.  However, you can issue her a 1099-B.  You would need to send this to the IRS with transmittal form 1096 by February 28th. 

(Edited 2/21/24 @ 4:16PM) @finance11