- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
No, you would not pay taxes on the entire income and then split between everyone. Everyone has different tax rates, so you would enter 1/3 of the income on the 1099S then issue his two brothers 1099's for their share of the income.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2022
8:45 AM