I have a Nominee Distribution on a 1099-DIV. The TT 1099-DIV worksheet shows my adjustment under 'Adjustments to Dividends or ESOP Distribution' and box N is checked. But the value shown on Schedule B Part II labeled 'Nominee Distribution' is not the same as the value on the worksheet.
The adjustment I entered was 50% of total income shown in boxes 1a, 2a and 3. The difference between the Nominee Distribution amount shown on Schedule B and the value from the worksheet is 50% of the value in box 3. Huh? Does that make any sense?
This looks like an error. Can anyone explain why the Nominee Distribution on the 1099-DIV worksheet is different from the Nominee Distribution on Schedule B?