Yes, you must send copy A to the IRS with Form 1096-Transmittal (this is a transmittal for the 1099) by mailing to the Internal Revenue Service Center for your area. (Provided on the Form 1096).
- On each new Form 1099, list yourself as the payer and the other owner, as the recipient. On Form 1096, list yourself as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to each owner.
If you send Forms 1099 to the appropriate persons with the amounts that are not yours, you do not need to enter any negative amounts just enter your share of the income. The 1099s filed with the IRS will take care of letting them know how much is yours versus other owners of the income.
If you choose to do that you can, simply type nominee and the SSN of the other owner(s)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"
