Not a domestic situation. The other partner will invest the money. I will use my skills & my time to operate the account. We will share the profits 50/50. I understand that the broker will issue 1099 to my SS#. I was wondering if I could pay taxes on my share of the income & issue another 1099 to my partner for his share of profits so he could pay the taxes on his share of the profits.
I heard there is something like Investment Club. If possible, I would like some light shed on this as well.
Thanks for your help. 🙏
