Land sold...only 1 social sec # reported on 1099-S

Client just sold land, says only his ss# on 1099-S.....not sure how I am going to approach the reporting for this client...he says that it was a flip house, but agreed to split this with 2 other people. 33% each....but not a partnership ..nothing with the state, no partnership agreement.

Could we issue a 1099-S from my client to the 2 others? Like a nominee ?

Yes.

File the two 1099-S from your client's SSN to the other individuals. On your client's return, show the gross amount as sales or proceeds, then deduct the amounts 1099ed out as an increase in basis (Sch D) or a nominee expense (Sch C).

I did something similar earlier in the year when a 1099-S was issued in only one spouse's SSN and they were required to split tax consequences 50-50 per the divorce.

Thank you.....