My father and I have a joint banking account. I set up Zillow to collect his rent payments (account is in my name) into our joint account. I have received the 1099-K for the income. This is not my income. He is going to claim the income on his taxes. How do I handle the 1099-K so it will not affect my taxes? How do I document this so it is clear to the IRS that everything is on the up and up and there is no funny business going on?
