My siblings and I have inherited a life estate from my mother which recently started producing monthly royalty payments from an oil and gas well. A check is issued in all names but only one SS# was requested and that person (me) will be the one issued a 1099 from the Gas Company. All of us have to endorse the checks and then we split the money evenly. Can I issue 1099's to each of my siblings and only report my share of the proceeds of the royalty payments and let them report their share?
