You received the dividend as a nominee. You'll be able to adjust the amount. As you enter your 1099-DIV, you'll get the "Tell us if any of these uncommon situations apply to you screen". Answer, "I need to adjust these dividends, I need to adjust these dividends". Continue with the onscreen interview until complete.

Question

I own an account with my brother. We have capital gains of $800, but the 1099 is reporting under my SS #. How do I report the $800 gain so I'm only taxed on my 50%?

Forum|Forum|6 years ago
February 6, 2020
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HelenC12

You received the dividend as a nominee. You'll be able to adjust the amount.

As you enter your 1099-DIV, you'll get the "Tell us if any of these uncommon situations apply to you screen".
Answer, "I need to adjust these dividends, I need to adjust these dividends".
Continue with the onscreen interview until complete.