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Category: 1099's

What is a Nominee Dividend, Form 1099-DIV?

Nominee Dividends are dividends reported to you that actually belong to someone else. You cannot enter an amount greater than the ordinary dividend entered in Box 1 of form 1099-DIV. If you have Nominee Capital Gains Distributions, reduce the amount of Capital Gains Distributions reported in box 2a by the nominee amount. DO NOT include the Nominee Capital Gains Distributions as a Nominee Dividend. Click here for more information regarding how to assign the income to the actual owner.