nominee 1099-div for married filing separately

[huili2]

For married filing separately, if one spouse receives nominee dividends from joint mutual fund accounts and split the dividend amount, is the nominee spouse required to file the form 1096 and 1099-div with the IRS? 

In the instruction for schedule-B, it only mention that one spouse is not required to provide 1099 to the other spouse. It is not clear whether need to file 1096 and 1099 with IRS.

[JamesG1]

IRS 1096 Instructions states:

A spouse is not required to file a nominee return to show amounts owned by the other spouse.

If the 1099-DIV would report the gross amount of the 1099-DIV and adjust for the other partner.  A 1096 may be helpful but is not required.  The adjustment / distribution should follow the laws of the state which govern.

See this help.

For married filing separately, between the two tax returns the two partners should report the total dividends reported on the IRS Form 1099-DIV.

Spouse 1    Spouse 2   =  Box 1a

$300            $300         =   $600

In TurboTax Online:

• Report the correct amount in box 1a.
• At the screen Tell us if any of these uncommon situations apply to you, select I need to adjust these dividends.
• At the screen Tell us about your dividend adjustment, enter the adjustment amount and select Other adjustment.

View the 2021 Federal 1040 tax return line 3a and 3b entries at Tax Tools / Tools / View Tax Summary / Preview my 1040.