I received nominee interest. I understand to note the nominee adjustment in Turbo Tax to decrease my taxable income. How do I report 1099 nominee interest to the IRS?

Can TurboTax help me with Form 1096?

253

Expert Alumni

Mar 9, 2024 8:47:22 PM

Form 1096 is basically a summary/cover sheet that you will send to the IRS along with your Form(s) 1099-INT.

Click here for IRS Form 1096 and Instructions.

Certain versions of TurboTax (TurboTax Business, TurboTax Desktop Home and Business and TurboTax Online Self-Employed) include Quick Employer Forms that can help you prepare your Form 1099-INT and Form 1096: What is Quick Employer Forms?

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I received nominee interest. I understand to note the nominee adjustment in Turbo Tax to decrease my taxable income. How do I report 1099 nominee interest to the IRS?