Where and how do I report the 1099-misc the gas company sent me? Do I report the full amount on Schedule E? The check was issued for 5 people and all 5 of us had to endorse it. My SS# is the one that received the 1099-misc. I will send all 4 of them a 1099-misc for their share. Do I report this amount on a Schedule E and show the total amount at the top and then show all 4 1099-misc? 139,000 is split 5 ways but how do I show only my share on my return. I know I have to send the 1099 information to the IRS along with the 1096 form but I'm not sure if I show the division of amounts on Schedule E or do it on a Schedule B and show it as a nominee distribution.
