Nominee/middleman returns. Generally, if you receive a Form 1099 for amounts that actually belong to another person, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received) for each of the other owners showing the amounts allocable to each. You must also furnish a Form 1099 to each of the other owners. File the new Form 1099 with Form 1096 with the Internal Revenue Service Center for your area. On each new Form 1099, list yourself as the “payer” and the other owner as the “recipient.” On Form 1096, list yourself as the “Filer.”
In the case of a 1099-R, unless TurboTax offers a box for the nominee amount to be excluded,
on your own return you would have to make an "Other income" entry of minus 2/3s of box 1
to cancel 2/3s of the amount on Line 5
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