How do I enter nominee distributions on an individual return in SureFire 2017? - This article provides the steps for entering a nominee distribution on a 1040 return in SureFire.
For nominee distributions reported on form 1099-INT:
Go to Schedule B - Interest and Ordinary Dividends.
In Part I, below the Other Interest section there is an area titled These amounts reduce taxable interest income.
In theNominee Distributions field enter the nominee distributions pertaining to form 1099-INT.
For nominee distributions reported on form 1099-DIV:
Go to Schedule B - Interest and Ordinary Dividends.
InPart II: Ordinary Dividends, locate the Nominee Distributions field.
Enter the nominee distributions pertaining to form 1099-DIV..
For nominee distributions reported on form 1099-B:
Go to form 8949.
Select column (a) then open a New Capital Gain or Loss Transaction Worksheet.
To enter information for a nominee, you will enter N in Column (f) for the Code N - Nominee.
Then enter the adjustment amount (Nominee share) in column (g).
Note: You can access the code information and additional instructions by pressing the F1 key on your keyboard while on the Capital Gain or Loss Transaction Worksheet, then select How to complete Form 8949, column (f) and (g).
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