Question

Nominee dividends not subtracted from schedule D. Software error

Forum|Forum|1 year ago
June 24, 2024
1 reply
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Employee

@SMK24 wrote: "Nominee dividends not subtracted from schedule D. Software error"

More info is needed to understand your situation. It's unclear why you mention Schedule D.

Ordinary dividends are reported on Schedule B. Or are you referring to capital gain distributions reported on Schedule D?

What tax form are you trying to nominee part of to someone else--a 1099-DIV, a 1099-B, etc.?

And are you using the desktop software as opposed to Online TurboTax?

S

SMK24Author

Meant Schedule B. Information is imported from brokerage, I follow steps to adjust, select nominee, and the input $ amount. In prior versions, the taxable amount of my dividend would be reduced by value I input into nominee.

M

mesquitebean

Employee

I just ran a test scenario on a $1200 dividend of which $850 was nominee dividend, and this is what I saw along the route. And then I went into Forms Mode to look at Schedule B, where the nominee dividend was subtracted out of the total. Are you experiencing something different than these 3 images? Is it not showing on Schedule B in Forms Mode?

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