While you can provide the beneficiaries with copies of the original Form 1099-S with instructions on how to report the income on their individual tax returns, separate 1099's should be provided with the split income already calculated. You may be able to use TurboTax Quick Employer Forms (QEF), a service we offer to customers who use the TurboTax Business, TurboTax Premium Online, and TurboTax Home & Business. This free service includes Form 1099-INT.
For more information: What is Quick Employer Forms?
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