How do you split 1099-DIV values between you and nominee?

[WinstonS]

I am using 2024 Turbotax Deluxe, federal and state, desktop version.  I have a 1099-DIV that has amounts in boxes 1a (ordinary dividends), 2a (capital gains), 2b (section 1250 gains) and 5 (section 199A dividends).  The return is for someone who passed away.  Part of each amount belongs to him and part to his estate.  Turbotax only gives you one adjustment figure per 1099-DIV.  I tried splitting the 1099-DIV into four parts so that I only entered one box on each 1099-DIV and then adjusted the amount.  That worked for boxes 1a and 2a.  TT reduced the amount reported on the relevant form.  It did not work for box 2b.  I didn't try it for box 5 since I figured I couldn't use this method.

Has anybody had any success with this?  

[DianeW777]

By entering only the amounts on the the return of the deceased that belong to that person it will be an easy entry.  Change the amounts in each box entering only what belongs to the deceased.  The balance can be reported by the estate which is anything earned after death. The statements will help if you're not sure.

Here is how to nominee the portion that belongs to the estate or the individual depending on what identifying number is on the form.

Nominee 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 the deceased or estate as the payer and the other owner, as the recipient. On Form 1096, list the deceased or the estate 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: 

• Form 1096
• Form 1099-DIV

We are sorry for your loss.