@NILS1 wrote:
My question is whether, under the revised 1099 rules, I now need to issue a 1099-MISC to my co-owner each year showing his portion of the rental revenue?
Note that, aside from the nominee issue, filing Form 1099-MISC is only required when payments are made in the course of your trade or business.
See https://www.irs.gov/instructions/i1099mec#en_US_2022_publink1000276527
