topic 1099-DIV and 1099-INT Nominee distribution not calculating properly on Schedule B, form 1040. in Get your taxes done using TurboTax

1099-DIV and 1099-INT Nominee distribution not calculating properly on Schedule B, form 1040.

trishcrz — Thu, 06 Jun 2019 15:19:00 GMT

I have several 1099-INT and 1099-DIV where adjustments for Nominee Distributions were input separately for each. These separate Nominee Distribution adjustments when added together are not calculating properly when they appear as a total Nominee Distribution on Schedule B, Form 1040. This is happening under both the Interest and Dividend sections.

Bring up any 1099-DIV worksheet that has a nominee distbn...

rogge1722 — Thu, 06 Jun 2019 15:19:02 GMT

Bring up any 1099-DIV worksheet that has a nominee distbn. adj. Scroll down to the "Adjustments to dividends or esop distbn. Put the pointer on the entry and right click. On the box that appears, click on bottom entry "about adj. amount." Another box will appear. Click on the nominee link and a box will come up with an explanation on the calculations.