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1099 MISC For payment to purchase C-Corp stock
A majority family owned corporation I already owned stock in issued me a one time check so I could make the 'down payment' on shares from my parents which I now make a monthly payment for. I was given a 1099 misc. This wasn't for wages (although could be argued as such) but a onetime payment for an investment in the c-corp to make me majority shareholder. How or where would I list this? Using Turbo Tax home and biz.
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‎April 9, 2025
5:00 PM