SO HOW AND WHEN TO DO THIS: If I receive the 1099 from IRS having $3200 in interest and then distribute 3/4 of that interest to 3 other heirs in the estate, how in Turbot Tax Home and Business do I produce the 1099s for the other heirs, AND ALSO, file with the IRS something to say that the interest has been passed on to others. Is that something I can file in Turbo Tax Home and Business before the 1099 deadline? Or do I just print them out and mail to the heirs and to IRS. When is that deadline? (or am I making inaccurate assumptions about the process)
Thank you
