Just a few thoughts ...
> the payer should pay you each separately and send you each your own 1099-R
> if they will not then you can report all the income and let the other person reimburse you the difference their portion costs you in taxes ( if you are giving them the payment then simply reduce the payment you send)
> if you insist on doing a nominee entry then you really need to complete the 1099-R timely ... they were due to the IRS & the person you are sending these forms back in January ... you will pay late fees for filing them late
