Nominee Interest or Dividends
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Nominee interest or nominee dividends is interest income or dividend income that you receive on behalf of another person. For instance, if your name and taxpayer identification number are on a brokerage account but all or part of the stock actually belongs to someone else, you must file Form 1099-DIV, and the other person must report the dividends on his or her own tax return. You then report a nominee dividend adjustment to reduce your taxable dividends.
Enter your nominee interest income on the Interest Income (Form 1099-INT) screen. Enter your nominee dividend income on the Dividend Income (Form 1099-DIV) screen.
Nominee interest or nominee dividends is interest income or dividend income that you receive on behalf of another person. For instance, if your name and taxpayer identification number are on a brokerage account but all or part of the stock actually belongs to someone else, you must file Form 1099-DIV, and the other person must report the dividends on his or her own tax return. You then report a nominee dividend adjustment to reduce your taxable dividends.
Enter your nominee interest income on the Interest Income (Form 1099-INT) screen. Enter your nominee dividend income on the Dividend Income (Form 1099-DIV) screen.
