I divorced in 2021, how are dividends from joint accounts reported on taxes?

[JohnB5677 · Accepted solution]

The first person listed on 1099 is the owner and must report the entire amount on their return.  If there is a co-owner we can make an adjustment.     

1. Other than community property states you can allocate from zero to 100% to the other individual.  
2. To enter a 1099-DIV or INT you should post it as normal to the Owners return.
3. Go to Wages & Income
4. Work on other income
5. Select Interest on 1099-DIV INT(You may have to scroll down to get it.)
6. Did you receive any Dividend income? Yes
7. Scroll down to Change how I enter my Form
8. Scroll down to Type it myself
9. Follow screens to enter the information
10. After entering your data, you will come to a screen Tell us if any of these uncommon situations apply to you
11. Select I need to adjust these dividends or this is an ESOP distribution.
12. I need to adjust these dividends
13. Tell us about your dividend adjustment
14. Enter the amount you want to allocate to the other individual
15. I received all or part of these dividends for someone else
16. You must then enter the amount into the other person's tax return.