In the U.S., if I receive a
1099-DIV for an account that is titled with me as joint tenant with another individual that lists my name first and is reporting under my social security number, how do I handle this income if the other joint tenant has already taken this income on their tax return?
I heard something about claiming Nominee Dividend on the
Schedule B, but I'm not sure how I would report that on
Schedule B. Do I just add another line in
Part II - Dividend Income that is a negative number to cancel out the line that corresponds to the
1099-DIV reported amount for the joint account?