How do I record nominee interest/dividends on the 1040 of the person who paid them?
Do I enter the net and then attach a note that explains? I tried entering the original numbers and then reduce those numbers by the nominee portion and the amounts work. The tax computes right except I get an error message for the qualified dividends. Please if you point me to another form be very specific. Apparently there is away to do this since nominee shows up on the summary but I am totally missing it.