2972213
I am divorced from a soldier. He got to amend our 2007 taxes to take advantage of the combat injured veterans tax fairness act 2016. The 1099INT was issued from the Treasury Department to my social... presumably because we filed joint in 2007 and my social was listed first. We have been divorced for over 10 years, and I feel that 1099INT should have been issued to him as he got the money (which is only right for our veterans). I have been battling the IRS since they said I owe them $5k back for not claiming the interest. Is there a way to contact the Dept of Treasury to get the 1099 INT reissued in my ex husbands name? Are there any military advocates that can help me? Are there any other former military spouses who have been victim of this?
You'll need to sign in or create an account to connect with an expert.
You will need to contact the Treasury Department issues the form 1099 but the Military provided the information to the Treasury Department. You should start there to see if you can get it changed. Until you can get it changed you can use the method below to remove the income from you. And you can go back to amend 2020 and 2021 also.
First, there is a way around this being taxed to you. Nominee interest is interest that actually belongs to someone else. Sometimes, taxpayers receive a form that is addressed to them, but actually reports income that is taxable to someone else. In cases like this, the taxpayer must first report on his or her return the full amount of the interest.
Here is how to report it on your return:
Go to Personal Income
Wages and Income
Select Interest Income
Enter the name of financial institution
Select I will type myself
Enter Interest in box 1 of form 1099-Int
Click next - It ask if any of these situations apply
You select that you want to adjust the interest amount then Continue
In the adjustment Box enter the amount of the interest that applies to your EX
and the reason then continue
Now to adjust the amount off
Search for Adjustment to income
Other Adjustments then type in Ex's Name and social security and amount.
That should remove the amount from your return but shows that you acknowledged it and provide the IRS with who to tax.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
aliadams81
New Member
benhodack
New Member
hhuskovic1
New Member
taylormp101
New Member
jeremy_harris07
New Member