Nominee distributions (1040)

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Use the B&D screen in the Income folder to enter nominee distribution amounts for Form 1099-DIV or Form 1099-INT.

Form 1099-DIV

  1. In the Income folder, click the B&D screen.
  2. Open the Dividend income statement.
  3. Enter the 1099-DIV information. See Form 1099-DIV data entry.
  4. Create a new line in the statement.
  5. Enter 3 Nominee distribution in the Type Code column.
  6. In the Ordinary Dividend column, enter the adjustment as a positive amount.

    Note: If you enter a negative adjustment, Schedule B will not print.

Form 1099-INT

  1. In the Income folder, click the B&D screen.
  2. Open the Interest income statement.
  3. Enter the 1099-INT information. See Form 1099-INT data entry.
  4. Create a new line in the statement.
  5. Enter 3 Nominee distribution in the Type Code column.
  6. In the Interest income column, enter the adjustment as a positive amount.

    Note: If you enter a negative adjustment, Schedule B will not print.

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