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Tax year 2025 individual e-filing is now open. For resources to help start your tax season check out Hot Topics for ProSeries | Lacerte | ProConnect
Tax year 2025 individual e-filing is now open. For resources to help start your tax season check out Hot Topics for ProSeries | Lacerte | ProConnect
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chenschuh
Level 3
yesterday
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Two brothers co-own a piece of farm land rental. This year the new renter issued only one 1099-MISC for the total rent he paid to only the older brother. How do you handle the 1099-MISC the older brother received. As box 1 included the younger brother's share of the rent.
1 Comment 1
Skylane
Level 11
yesterday
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Either the tenant can amend the original 1099 to 50% and issue a second 1099 to the other brother.
or
The brother who received the full amount acts as nominee and issues a 1099 to his brother for his brother’s share.
If at first you don’t succeed…..find a workaround
