Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   I issued a 1099 Misc (https://www.askmehelpdesk.com/showthread.php?t=314348)

  • Feb 7, 2009, 01:23 PM
    tom_57261
    I issued a 1099 Misc
    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...
  • Feb 12, 2009, 02:20 PM
    AtlantaTaxExpert
    Yes, that's a perfectly acceptable way to claim the distribution.

    • All times are GMT -7. The time now is 01:00 PM.