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    BruJan's Avatar
    BruJan Posts: 38, Reputation: 1
    Junior Member
    		  
    #1

    Aug 5, 2012, 08:04 PM
    We 1099 forms
    We have mineral acres which are in our name but my wife would like to share the rental with other family members. Is there a way to use a 1099 form to pass the tax on to the recipient of the money so we do not have to pay the taxes and then deduct them before distribution of the money?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 8, 2012, 11:25 AM
    No, not unless they have ownership of the acreage.

    If you "share" the rental income, you are giving a gift, NOT transferring tax liability.
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