I have just issued my brothers a 1099 Misc... It was for some Farm Rent Income that I paid out to 3 brothers... How do I report that on my tax return so I don't pay income on their share... I listed it on Form 4835 on line 30 a-g under Other Expense..

My question will that be OK or will it be a red flag for IRS...

Yes, that's a perfectly acceptable way to claim the distribution.