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Level 3
posted Mar 27, 2023 2:14:10 PM

Re 1099-INT, 1099-DIV etc. How should I properly enter or describe Payer's information for INT, DIV, etc earned from inheritance/decedent when no 1099 is received? thx

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1 Best answer
Expert Alumni
Mar 28, 2023 10:04:39 AM

You can simply enter the bank name or you can use the 'Nominee' description you mention, then enter the amount of interest and/or dividends into your TurboTax return. This will be appropriate for the IRS.

@C-Starr 

4 Replies
Expert Alumni
Mar 27, 2023 3:04:18 PM

You will enter it the same way you would if you would have received a 1099.

 

To do this you will select the following:

 

  • Federal
  • Income
  • Show more next to Interest and Dividends
  • Start next to interest on 1099-INT
  • then you will go back and choose start next to dividends

You will just enter the description and amount received. 

Level 3
Mar 28, 2023 8:01:41 AM

What Payer Name or ID to enter when no 1099 received about earnings from inherited accounts' INT, DIV, etc after person died.  Is "Nominee from XXX's social sec number" or something else appropriate for IRS?  Thanks.

Expert Alumni
Mar 28, 2023 10:04:39 AM

You can simply enter the bank name or you can use the 'Nominee' description you mention, then enter the amount of interest and/or dividends into your TurboTax return. This will be appropriate for the IRS.

@C-Starr 

Level 3
Mar 28, 2023 4:48:59 PM

Hello Dianne W777,

Thank you for the prompt, helpful reply.