yuber
New Member

Where do i report income as an investor from flipping property through partnerships in individual projects ?

There is a real estate company, that, among other things, sources individual projects, invites investors and once sold distributes profit at a preagreed ratio (75% to the firm and 25% to investors) and in accordance with all investors' shareholding %.  I get 1099 yearly with the amount of income on such investments appearing in the box # 3 of the 1099.  Where should i report such income ?