You can report only your share of the dividends on your tax return. Keep the 1099-DIV with your tax files and notes about your share and the amount you reported. If you want to file actual nominee information with the IRS you can do that with the information below. You can file using e-file. The information below is an option if you want to eliminate any question at the IRS.
Nominee Returns. This is how the IRS knows what you are doing.
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 deceased mother as the payer and the other owner, as the recipient. On Form 1096, list your deceased 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 (use the form(s) needed) so if you don't have a color printer, go to the IRS website to fill in and print the forms here: :
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