I'm having an issue in TurboTax Deluxe Mac Desktop Re. Nominee Distribution adjustments on Schedule B from multiple 1099-Int.
On the 1099-Int I enter the Nominee Distribution adjustment and the total of such entries shows up in Line 1 of Part 1 of Schedule B. (I had do this as well for 1099-Divs)
However, unlike Line 5 of Part 2 of Schedule B, I'm unable to override "Nominee Distribution" on Line 1 of Part 1. In my case this description needs to read "Form 1041 Joe Blow Estate [TIN]"
At this point the only way I can file my dad's final tax return is if this is fixed or if I can find a way to add a note at the end of the return to further describe Line 1, Part 1 of Schedule B.
You'll need to sign in or create an account to connect with an expert.
I've determined I can work around this bug by entering another 1099-INT with payee of "Nominee Distr: Form 1041 Joe Blow [TIN]" with interest of .01 and an adjustment of .01.
Not perfect but should get the job done. Not too thrilled that TurboTax requires me to do a work around!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ubedo
Level 1
timothynicholsr
Level 1
alexander-s-nilsson
New Member
accounting
New Member
asdfg1234
Level 3
Want a Full Service expert to do your taxes?