I am the trustee on an account that my niece was the beneficiary on. She wanted to cash out. We did that in September 2024. i now have a form 1099 DIV and did not include that in my return. do i need to amend?

Forum|Forum|11 months ago
April 23, 2025
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Ask the Experts - Amend - April 2025

Vanessa A

Did your niece receive the income or you? If your niece received the income, then you need to issue her a 1099 as a nominee so she can report the income on her return.

See the response by Diane in this link for how to file a nominee return. Just do not enter half if she received the full amount, enter the entire amount.

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dllundgrenAuthor

thank you, Vanessa, i just posted another more detailed question in the chat. not sure if you can find that? Let me know, rather than typing it all in again. and maybe we can delete this one? Sorry.