Profits interest refers to an equity right based on the future value of a partnership awarded to an individual for their service to the partnership. What is a Profit Interest
A profit interest is worth nothing upon receipt. As equity gross the profit interest gains value. The later sale of a equity interest will generally yield a more favorable tax treatment.
This will be posted in the following way:
- Investment Income
- Select Stocks, Mutual Funds ... Other
- Yes you did get a 1099-B
- I'll type it myself
- Select broker
- Start entering the sales
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