How to 'nominee' 1099-B Bond Sale Income?

davidsson — Wed, 11 Feb 2026 03:07:02 GMT

As with my other questions, this is for my deceased Mom's return.

The sale (I couldn't download) resulted in a loss which I hand entered into TT.

The problem is, I see no place to 'nominee' the sale.

My 2022 1099-B income (downloaded) had a box to check. I do not see one on 2023 TT.

Is there a way to do it? Or, how should it be handled?

Re: How to 'nominee' 1099-B Bond Sale Income?

DianeW777 — Thu, 22 Feb 2024 00:05:59 GMT

Follow the instructions here to handle the 1099-B.

If you are saying you have a 1099-B for a bond sale that occurred after your mother's death, then you can enter that into your tax return or the beneficiaries return. You can take simple physical steps to nominee the 1099-B if you like (see instructions below) or you can just keep it with the return documents should you need it later.

Nominee Returns. This is how the IRS knows what you are doing in advance. It does take them quite some time to actually get the documents with the tax returns.

Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received). You must also furnish a Form 1099 to each of the other owners.

File the new Form 1099 with Form 1096 (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096)

On each new Form 1099, list your mother as the payer and the other owner, as the recipient. On Form 1096, list your mother as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner.

The forms filed with the IRS should be the red copy so if you don't have a color printer, go to the IRS website and order the forms here:

topic How to 'nominee' 1099-B Bond Sale Income? in Get your taxes done using TurboTax

How to 'nominee' 1099-B Bond Sale Income?

Re: How to 'nominee' 1099-B Bond Sale Income?