vkester
Returning Member

1099-Misc Royalties that my sibling and I have to split, what do we do?

Parents died, my sibling and I now get a 1099-Misc for Royalties, we do not own the property, know nothing about it, but we get royalty money now for material that gets taken from the property. The company that runs the place only sends one 1099-Misc form, in only one of our names.  We each do our own taxes, and in different states.  How is this reported and expanded in MY taxes?