ErnieS0
Expert Alumni

Business & farm

Having separate 1099s would be best. Or you could issue Form 1099s to your brothers.

 

Your accountant’s suggestion would work, though I would not enter your brothers’ share of the rental income as an expense. I would enter it as an adjustment against rental income.

Unfortunately you are not able to do that in TurboTax so I recommend corrected 1099s.

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