My two brothers and I jointly own a rental property. We have a 1099 in one brother's name for rental income. How do we jointly report the 1099 rental income?

[KrisD15]

The Taxpayer that files the 1099-MISC can report the other person's share as an expense. 

Name it something like "Part owner's share of rent revenue expense" in Miscellaneous expense and always use this same procedure and account going forward.