ThomasM125
Expert Alumni

Deductions & credits

I assume what you mean is that you are a partner in a joint venture and intend to earn a return on your investment? If so, then the partnership should complete a partnership tax return, form  1065, and furnish you with a K-1 form that will report your share of partnership income or loss and other related tax items. You use the form k-1 to report the partnership tax items on your personal tax return.

 

If on the other hand you simply loaned money to the venture, and it will be paid back with interest, then you don't report anything until you earn the interest income.

 

 

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