I agree with Terry.  Is there something in the Regs that would suggest a 1099 is not required?

The instructions are fairly clear to me:

https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

From page 3 under "Who Must File":

"Generally, if you receive
a Form 1099 for amounts that actually belong to another
person, you are considered a nominee recipient. You
must file a Form 1099 with the IRS (the same type of Form
1099 you received) for each of the other owners showing
the amounts allocable to each."

Practically speaking, I would guess there's an extremely high percentage of nominee income that does not get reported on a 1099 and I've never seen IRS penalize anyone for non-filing in these situations.  But my read of the instructions is that it is required.  For what that's worth. <shrug>

Rick