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Get your taxes done using TurboTax
It's not clear what the nature of your investment was. It sounds like you might have some sort of partnership, even if you didn't realize that you were forming a partnership. If so, the partnership has to file a Form 1065 partnership tax return and send you a Schedule K-1, which you enter in your personal tax return. You and the other partners may need to consult a tax professional to find out how to report the income properly.
‎June 24, 2021
2:49 PM
1,970 Views