We have a STR that my 2 brothers and sister bought this year.

We are in the process of moving it into a trust, but that hasn't been completed yet.

We do have an EIN on a joint bank account. This is for an LLC that will be the beneficiary of the trust.

1. Should we tell the PM to issue 4 1099's (one to each of us) and we file these on our individual returns?

2. We file a seperate return and we each get a K-1?

I will have my CPA do the taxes either way just want to know ahead of time which way is most appropriate.

Thanks in Advance for all comments.