Thank you for this solution. A follow up question. Once I file the 1099s for each partner, how do I then represent all this information on TurboTax?
In my case, I receive the total income from the payer, then I distribute the income to the other partners. Therefore, the payer issues me the 1099-MISC in my name only. I of course do not want to be taxed on the total amount, just my share. How do I represent the redistribution of income to the other partners on TurboTax so IRS understands I only keep a small percentage of the total income?
Thank you.
