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

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.
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Level 8

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

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.

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1 Reply
Level 8

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

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.

View solution in original post

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